Alan Kline is the former editor-in-chief of American Banker. Previously he oversaw its consumer finance and national/regional banking coverage. He also helped direct coverage of the annual Most Powerful Women in Banking rankings.
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Bank of America Corp.'s share price spiked 17% Thursday morning on news that Warren Buffet's Berkshire Hathaway is investing $5 billion in the company.
By Alan KlineAugust 25 -
Profits at TFS Financial Corp. in Cleveland, a top ranked mortgage funder in the state, fell sharply in the quarter that ended June 30, as a surge of new loan activity could not make up for a steep drop in noninterest income.
By Alan KlineAugust 5 -
Buoyed by gains from mortgage servicing revenue, Ocwen Financial Corp., Atlanta, reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.
By Alan KlineAugust 4 -
Yadkin Valley Bank and Trust Co., Elkin, N.C., has exited the wholesale mortgage business in order to better focus on retail mortgage lending.
By Alan KlineJuly 26 -
Park National Corp. in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.
By Alan KlineJuly 5 -
MB Financial Inc. in Chicago is marketing $400 million of troubled commercial real estate and construction loans, and has hired JBS & Associates of Chicago to solicit bidders.
By Alan KlineJune 10 -
The much-maligned Capital Purchase Program — better known as the bank bailout — is turning out to be a decent investment for the federal government.
By Alan KlineMay 24 -
California Attorney General Kamala Harris is creating a task force aimed at cracking down on mortgage fraud in the country's largest state, according to a report in the Los Angeles Times.
By Alan KlineMay 23