Consumer banking
Consumer banking
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The House Financial Services Committee passed 13 bills (and scrapped a vote on one) Wednesday, including one that would stop Fannie Mae and Freddie Mac from being released by the government and another hailed as helping the underbanked in rural areas.
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Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.
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A group has filed an application for form a bank in Birmingham, a city with a large pool of bankers and a steadily growing economy.
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Jenn LaClair will replace Chris Halmy, who is retiring. She most recently headed up PNC's business bank.
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John Kimberly, who was CEO of a bank that CAB bought in 2014, is set to take the helm on Jan. 1.
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House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few and far between.
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The California company is set to pick up a dozen branches after it buys FNB for $315 million.
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The $74 million acquisition will allow First Mid-Illinois to expands it operatations in the Champaign-Urbana region in Illinois.
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In a relationship-based business, it’s not enough to sell your customers a sharp tool to pay for things. You also have to help them avoid cutting themselves with it.
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The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.
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Some are in new roles or replacing legends, others are embracing new strategies or eyeing big deals and at least one is currently out of banking — but could soon resurface. Here are the industry executives to keep an eye on in 2018.
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The bank, which agreed to acquire Hibernia Bancorp for $28 million, will adopt the seller's name after completing the deal.
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Pamela Codispoti, credited with launching the popular Chase Sapphire Reserve credit card, has been put in charge of the company’s network of more than 5,200 branches.
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The deal includes roughly 120 client relationships. Employees in CenterState's trust department will join Cypress Trust.
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OneUnited is trimming branches and expanding digital offerings as it builds its brand as a backer of social justice that develops innovative products such as a Black-Lives-Matter-themed debit card.
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MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes.
December 11 -
House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few and far between.
December 11 -
The financial services industry must change how it attracts, hires and develops data science talent.
December 11 -
The five-year window on HSBC's deferred prosecution agreement connected to a money laundering case expires; profile says outgoing Fed Chairman Janet Yellen has become "a pop culture phenomenon."
December 11 -
Two different credit unions have seen success offering new mobile functionalities that meet specific pain points for members.
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