Consumer banking

What's missing from FDIC's notice on brokered deposits

02/20/19

The agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking.

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Will FDIC keep protecting failed banks’ uninsured deposits?

02/14/19

Since the collapse of IndyMac in 2008, the agency has frequently helped to shield depositors over the $250,000 insurance limit from losses. But it’s a policy that was never formalized, and it remains to be seen whether the agency’s new head, Jelena McWilliams, will follow it.

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Closing many branches, but keeping most customers

02/12/19

OceanFirst in New Jersey shuttered more than a third of its branches but says nearly all the customers stuck with the bank because it trained employees to show customers how to go digital.

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Citi rolls out new personal loan, online savings account

02/12/19

The moves are aimed at beefing up consumer lending and attracting deposits in markets where Citi has no branch presence.

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Shutdown highlighted need for bank-backed small-dollar loans

02/11/19

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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5 ways mortgages will shape the BB&T and SunTrust merger

02/08/19

SunTrust’s merger with BB&T is the largest bank deal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.

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Chase, Wells, BofA to waive ATM fees for public-benefits recipients

02/08/19

The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.

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BB&T-SunTrust: Three big questions

02/07/19

Why now? Will it work? How will their rivals respond? The megadeal between the two East Coast regionals offers up plenty of grist for speculation.

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The real way to judge bank leadership

02/07/19

Management success isn’t about adopting the latest technology craze or exuding charisma, it’s about prioritizing employees and customers.

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Consumer lending drives 4Q growth at BBVA

02/01/19

BBVA Compass in Birmingham, Ala., reported 6% increases in loans and revenue, as strength in consumer loans and credit cards offset weakness in fee income.

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