Consumer banking

Wells called priciest bank for students; Senate bill targets 'live' checks

12/12/18

A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks.

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Higher-than-expected deposit loss raises stakes for Flagstar-Wells branch deal

12/11/18

Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.

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How banks could fend off Amazon and Facebook

12/10/18

Nearly 60% of people thinking about switching banks would be open to banking with a big tech company if they ever get that option. Cash incentives or existing savings accounts are big factors in consumer decisions — and things that banks could keep in mind in their efforts to recruit or retain customers.

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Students pay price in banks' marketing pacts with colleges: CFPB

12/10/18

Wells Fargo charges students nearly four times as much in fees as banks without college marketing agreements, according to an internal report by the Consumer Financial Protection Bureau.

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CIT spruces up brand in bid for more household deposits

12/07/18

It’s still primarily a commercial bank, but the branding campaign — CIT’s first in a dozen years — is designed to appeal to the group driving its torrid deposit growth: retail savers.

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Wells Fargo's latest troubles suggest tougher stance by OCC

12/06/18

An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal.

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Capital One under no pressure to buy Walmart loans, CEO says

12/05/18

Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.

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Citi sees ‘little risk’ of Mexico eliminating ATM fees, CFO says

12/05/18

CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president.

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BofA shuffles leadership in consumer banking, wealth units

12/05/18

The company also expanded the responsibilities of Chief Administrative Officer Andrea Smith.

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Regions not interested in bank acquisitions, CEO says

12/05/18

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.

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