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The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

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1 week 3 days ago

Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday.

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1 week 3 days ago

The Open Financial Exchange has 7,000 installations. More than a decade ago, the industry saw the data standard as the solution to screen scraping, a practice that bedevils them today.

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1 week 3 days ago

Loans increased, the margin widened and credit quality continued to improve.

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1 week 3 days ago

The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter.

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1 week 3 days ago

amy tannerIt is not going to be a very happy new year for many Macy’s employees as the iconic brand announced last week that it will be closing 68 stores and cutting 10,000 or more jobs. In a recent press release, Macy’s stated that the closure of the 68 stores, out of their total of 730 stores, would allow them to reorganize their field structure that supports the remaining stores, reinforcing the strategy of fewer stress with better customer experience. All 68 stores should be closed by mid-2017.

Going Digital

Macy’s expects the closings and job cuts to generate annual expense savings of approximately $550 million beginning as soon as this year. The company will invest some of these savings into digital business. This seems to be a growing trend among retail store fronts as consumers do more shopping online now. I am certainly guilty of online shopping as it is a big time saver and you have greater selection at your fingertips!

Read More from: Bonds & Botes, P.C.

1 week 3 days ago

joint accounts bankruptcy

Good intentions go wrong in a hurry when there’s a joint bank account and a bankruptcy.

The bankruptcy trustee sees a pile of money in the bank to which the debtor has access.

If the debtor can get the money, the trustee contends, so can a bankruptcy trustee for the benefit of creditors.

Well and good, if the money belongs to the debtor. But what if it’s really someone else’s money?

Do it yourself elder care

Who doesn’t have a joint bank account with someone they care about?

Most often, it’s the adult child’s name on an elder’s bank account.  It’s simple, convenient, and reassuring that if the elder loses capacity, a trusted party has access to pay the elder’s bills.

1 week 3 days ago

In its latest “junk fax” case, the Sixth Circuit Court of Appeals reversed a district court’s denial of class certification and dismissal of a lawsuit alleging that Top Flite Financial, Inc., a mortgage company, violated the Telephone Consumer Protection Act (“TCPA”) by hiring a third party to send unsolicited fax advertisements on its behalf. See Bridging Communities, Inc. v. Top Flite Financial Incorporated, Case No. 15-1572, 2016 U.S. App. LEXIS 22297 (6th Cir. Dec. 15, 2016).

According to the complaint, Top Flite allegedly hired Business to Business Solutions (“B2B”), a well-known fax-broadcasting company, to send unsolicited fax advertisements to the plaintiffs and a class of similarly-situated parties without their consent or an established business relationship. The district court first denied class certification because individual questions of consent (a defense to the claims) precluded a finding of predominance under Fed. R. Civ. P. 23(b)(3). Then, after the plaintiffs failed to accept a Rule 68 offer of judgment from Top Flite, the district court dismissed the lawsuit as moot. The plaintiffs appealed both rulings.

Read More from: Creditors' Sidebar

1 week 3 days ago

Tips To Help You Use Your Apple ipad Better

Painless products of cpa services – an a-z

You absolutely want to inform yourself as far as possible for those who have been dreaming of your personal ipad tablet. This information is ideal for new proprietors top cpa offers or knowledgeable proprietors likewise. Keep reading for top level tips and advice about abovealloffers review making the most of your own personal or skilled apple ipad encounter on this site.

Some more modern iPads possess a mute key rather than a locking mechanism orientation one particular. You need to go deep into your settings and tap about the general segment in the event you like the fasten orientation function. You will be able addiliate company to choose which function you wish to connect with this particular option. Save your valuable alterations when you are carried out.

If you’ve been interrupted by your iPad at the bad time you probable want to find out how you you could try here http://addomobile.com/adattract-review can silence it swiftly. You can easily convert the audio down by holding down the “vol -” switch until finally it is muted. If you use mute typically, you may set up your lock orientation key as a muting alternative.

Read More from: Kieselstein Law Firm

1 week 3 days ago

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

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1 week 4 days ago

An international regulatory body outlined a series of recommendations for reducing risks posed by the asset management industry, particularly increasing liquidity and reducing leverage posed by derivatives positions.

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1 week 4 days ago

The company recently received Fed approval to increase its ownership in Carter to 9%.

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1 week 4 days ago

First Internet Bancorp is the latest institution to enter the business or to significantly expand operations.

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1 week 4 days ago

The issue stemmed from how the company handled collateralized-loan obligations for calculating capital ratios.

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1 week 4 days ago

Mary Lynn Lenz shares some insight on M&A challenges and turnaround success, Sallie Krawcheck says Wall Street diversity can't get worse and Ginni Rometty explains why IBM bought Promontory.

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1 week 4 days ago

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader responses to AmericanBanker.com articles, social media, and from around the web.

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1 week 4 days ago

Some vendors have begun offering authentication platforms through which biometrics and other authentication tools can be plugged into any or all channels. TD Bank is sold on this concept, but others are not completely sure.

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1 week 4 days ago

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market.

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1 week 4 days ago

People's United is taking its efforts to raise awareness of financial exploitation to a new level.

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1 week 4 days ago

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