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The Chicago company said its decision was largely based on intense competition, very low margins and economic changes.
April 12 -
It’s still not business as usual, but the decision to unify its two brands — Popular Community Bank on the U.S. mainland, Banco Popular in the U.S. territories — under a single, simpler name is a welcome sign that Puerto Rico’s largest bank is moving forward after the devastation of Hurricane Maria.
April 9 -
A "three-pronged" internship and management program at HUD Federal Credit Union is helping professionals across all stages of their careers, and the initiative has garnered notice from HUD Secretary Dr. Ben Carson.
April 5 -
Sen. Elizabeth Warren, D-Mass., introduced a bill to create a permanent law enforcement unit to investigate criminal activity at large banks, just as the Senate was close to passing a regulatory relief package.
March 14 -
Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan.
March 12 -
The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.
February 27 -
Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.
February 26 -
The percentage of Marion County, Fla., mortgages that are behind on payments was greater in November than it was in November 2016. This could be a residual effect of Hurricane Irma.
February 15 -
Darryl White sees an opportunity for Bank of Montreal to take more market share in the United States, and he’s betting on investments in mortgage lending, commercial banking and capital markets to get there.
February 9 -
Likely changes to the National Flood Insurance Program are poised to raise costs for many Jersey Shore homeowners, perhaps substantially.
February 6 -
From responding to natural disasters to emerging technology strategies, here's a look at six top trends on the agenda for the 2018 MBA Servicing Conference.
February 2 -
The Seattle company, which is gearing up for a proxy battle with Blue Lion Capital, appointed a former U.S. Bancorp executive to fill a board vacancy.
January 26 -
Regulators said they were taking steps to recognize contributions to the recovery made by banks anywhere in the nation.
January 25 -
The percentage of flood damage to residential properties from Hurricane Harvey that is uninsured is turning out to be a little higher than earlier estimates.
January 25 -
Loans late by 90 days or more are increasingly concentrated in parts of Florida, Georgia and southeast Texas as fallout from the storms continues to weigh on the market.
January 23 -
Financial firms have mostly shrugged off the government's budget woes, but Washington's gridlock might pose a bigger risk than they think.
January 22 -
The government shutdown and Congress' inability to reauthorize the National Flood Insurance Program could delay some home sales and loan closings.
January 22 -
Here's a look at what happens at five federal agencies that support the mortgage industry during a government shutdown.
January 19 -
The New York multifamily lender is making steady progress in a multiyear effort to reduce its dependency on commercial real estate.
January 19 -
The Arkansas company has spent two years trying to reassure nervous investors and analysts that it can rapidly book real estate loans using conservative practices.
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