News Topic: Consumer banking

The Pasadena, Calif., firm also reported growth in the number of active prepaid cards for the first time since the second quarter of 2015. Profits rose by 24%. ... Read full article

The top executives at Guaranty Bank said that, after years of struggles, the $1 billion-asset bank was a month or two away from raising the capital it needed to survive. ... Read full article

Ignacio Alvarez, who takes over this summer from Richard Carrion, addresses the tough challenges the bank faces as looming cuts to government services and benefits could be painful for consumers and businesses on the Caribbean island. ... Read full article

Readers weigh in the effect of Federal Reserve actions on wealth distribution, how a new startup could reduce overdraft fees, Watson's attempts to catch rogue traders, and more. ... Read full article

Despite a categorical denial this week by Wells Fargo CEO Tim Sloan, former employees like Yesenia Guitron say trawling for immigrants was routine. ... Read full article

Part of Jamie Moldafsky's job at Wells these days it taking an earful on social media, but the immediate feedback offers important lessons about the bank's products and efforts to rehab its image. ... Read full article

Wells survived a fierce proxy fight at its annual meeting, but that’s not stopping some key investors — including the California State Teachers' Retirement System and the New York City pension funds — from pressuring the embattled bank to quickly ... Read full article

Bankers are well aware of the industry transformation taking place. However, they need to convince employees that change is worthwhile before turning reimagined business models into realities. ... Read full article

Tim Sloan insisted Monday that the bank’s phony-accounts scandal, which has eroded its position with U.S. consumers, has not hurt its recruiting efforts. ... Read full article

The nomination period is now open for the Most Powerful Women in Banking and Finance rankings, the community impact and lifetime achievement awards, and the top teams. ... Read full article

Readers weigh in on Wells Fargo investors reelecting state regulators suing the OCC, Wells Fargo's annual meeting, ultralow interest rates and more. ... Read full article

Unable to outspend big banks on technology, Asian-American banks are marketing to different ethnic groups and immigrants, sponsoring events for youth and young professionals and emphasizing in-person service. ... Read full article

The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision. ... Read full article

Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum. ... Read full article

Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion. ... Read full article

An expected investor revolt at Wells Fargo’s annual meeting failed to materialize Tuesday as shareholders voted to re-elect 12 board members and elect three more nominated by the company. ... Read full article

President and COO Ignacio Alvarez will replace Richard Carrion as CEO on July 1. ... Read full article

The marketplace for services to help struggling families balance their short-term and long-term financial needs is improving, but is still insufficient. ... Read full article