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BNET Business Dictionary
- Bank
- a commercial institution that keeps money in accounts for individuals or organizations, makes loans, exchanges currencies, provides credit to businesses, and offers other financial services
- Bank definition on BNET »
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- Banks expecting 30% growth in consumer credit this year says S&P.
- MEXICO CITY, Jan 9, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- This year will be a good one for consumer credit as it is expected to grow by around 30%. The banks are also expected to change their financing strat MEXICO CITY,...
- Research articles 2003-01-09
- Brazil: Citibank to increase consumer credit operations.
- Brazil: Citibank aims to increase its consumer credit operations by 20% next year. Pre-tax profit at the bank is to grow between 15% and 20% during the year 2000. At present the bank's portfolio amounts to R$500mil. Citibank announced yesterday i Brazil:...
- Research articles 1999-11-12
- Consumer Credit Losses at JPMorgan Chase Spell Danger for Weaker Banks
- It's another blow-out quarter for JPMorgan Chase. Yet rising losses in consumer lending augur badly for less healthy banks. The company announced third-quarter net income of $3.6 billion on revenue of $28.8 billion, compared with earnings of $527 million on sales of $16 billion in the year-ago...
- Blog posts 2009-10-14
- Credit Update: Neither a Borrower nor a Lender Be
- The stress test results have come and gone. Now it's time to refocus on the economy and the markets. In the past nine weeks, neither much-feared earnings, stress test leaks nor swine flu could keep the market down. The view among the big traders I talk to is that the...
- Blog posts 2009-05-07
Additional Resources
- BofA Posts $1 Billion Loss on Consumer Credit Woes
- By Joe Rauch CHARLOTTE (Reuters) - Bank of America Corp posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent . The results underlined how the nation's largest bank, which has received two taxpayer...
- News items 2009-10-16
- GE Money to Purchase Chevron's Proprietary Consumer Credit Card Business
- STAMFORD, Conn. -- GE Money, the consumer lending unit of General Electric Company (NYSE: GE), announced today that it has reached an agreement, through its Retail Consumer Finance Division, to purchase the proprietary consumer credit card business from Chevron Corporation (NYSE: CVX) subsidiaries, Chevron U.S.A. Inc. and Chevron Credit Bank,...
- Research articles 2007-08-30
- Citigroup Takes $8 Bln in Credit Losses
- By Dan Wilchins NEW YORK (Reuters UK) - Citigroup C posted a quarterly per-share loss as it suffered $8 billion (4 billion pounds) of credit losses, raising questions about when the bank can return to sustained profitability. Analysts had expected Citigroup bank to post an even bigger loss, but its...
- News items 2009-10-15
- Wells Fargo Bank Opts for Corda CenterView(TM) Performance Dashboard for Its Consumer Credit Group
- Corda Technologies today announced that the fast-growing consumer lending arm of Wells Fargo Bank has chosen the Corda CenterView TM performance dashboard to enhance the performance of its Consumer Credit Group. The group manages the performance of consumer loans and credit cards, as well as home equity...
- Research articles 2007-11-28
- Fitch Assigns Wells Fargo's Consumer Credit Group HE/HELOC Servicer Rating of 'RPS2'
- NEW YORK -- Fitch assigns Wells Fargo's Consumer Credit Group, a business division of Wells Fargo Bank, N.A. CCG a 'RPS2' residential primary servicer rating for home equity/home equity lines of credit. The rating is based on the company's experienced management team, robust internal control environment and solid performing loan...
- Research articles 2006-08-31
- U.S. Home Systems' First Consumer Credit Subsidiary, Revises Credit Facility Agreement
- DALLAS -- U.S. Home Systems, Inc. (NASDAQ:USHS) today announced that its consumer finance subsidiary, First Consumer Credit, Inc.'s FCC wholly owned subsidiary, FCC Acceptance Corporation, has revised its credit facility agreement with Autobahn Funding Company, L.L.C., an asset-backed commercial paper conduit sponsored by DZ Bank AG Deutsche Zentral-Genossenschafsbank, Frankfort. The...
- Research articles 2006-01-23
- U.S. Bank and Visa Inc. Sign Partnership Renewal Agreement
- U.S. Bank to Issue Visa-branded Credit, Debit, Prepaid and Commercial Card Products to its Consumer and Business Customers SAN FRANCISCO -- U.S. Bank and Visa Inc. announced today that they have signed a multiyear partnership agreement through which U.S. Bank will continue to offer the full range of Visa...
- Research articles 2008-02-20
- Dexia Bank Uses SAS for Fast and Accurate Credit Scoring
- Dexia Bank receives up to 700 requests for consumer loans a day, which is why the bank relies on an automated risk assessment tool. Like many other financial institutions, Dexia Bank uses a credit scoring procedure to assess the risk of granting a loan to a customer. The bank wanted...
- Case studies
- Thailand's Ayudhya Investment and Trust to Become Consumer Credit Company.
- By Nuntawun Polkuamdee, Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 22--Ayudhya Investment and Trust Aitco, a finance company 75 percent owned by Bank of Ayudhya, will return its finance licence and be transformed into a consumer credit company. ...
- Research articles 2004-03-22
- First Bethany Bank and Trust promotes four employees
- First Bethany Bank and Trust has promoted Janet Connel to senior vice president. She also serves as the cashier. The 25-year industry veteran became a member of the bank staff in 1995. Pam Holman has been promoted to vice president of credit administration. She has served with the...
- Research articles 2005-05-10
- European Banks Make Final Bids for German Consumer-Credit Business.
- Sunday Business, London Knight Ridder/Tribune Business News Jul. 13--FRANKFURT, Germany--Royal Bank of Scotland and France's BNP Paribas are among a handful of banks poised to submit final bids for Norisbank, the consumer credit business of Germany's HypoVereinsbank HVB this weekend, according...
- Research articles 2003-07-13
- Wachovia Bank and Visa Inc. Renew Partnership Agreement
- Visa to Provide Credit and Debit Platforms and Processing Services to Wachovia Bank SAN FRANCISCO -- Wachovia Bank and Visa Inc. announced today that they have signed a partnership agreement, renewing their long-standing relationship. Under terms of the deal, Wachovia will continue to offer Visa-branded credit and debit products...
- Research articles 2008-01-30
- American News, Aberdeen, S.D., Farm and Business Scene Column.
- American News, Aberdeen, S.D. Knight Ridder/Tribune Business News Jan. 8--NAMES IN THE NEWS SHIRLEY STEIN: Shirley Stein has been promoted to credit card administrator for Dacotah Bank in Aberdeen. Stein has 20 years of banking experience with Dacotah Bank....
- Research articles 2002-01-08
- Bank automates.(THE REGION)
- Barbados-based FirstCaribbean International Bank has selected Cypress Software Systems LP's Mark IV International Version software to automate the bank's consumer credit decisioning process, it was reported March 26. FirstCaribbean is Cypress' largest international client. The bank began a six-branch pilot of Mark IV in February,...
- Research articles 2007-05-01
- U.S. Bank Announces Plans to Build New Call Center and Create 500 Jobs in Coeur d'Alene
- Business Editors COEUR D'ALENE, Idaho--BUSINESS WIRE--May 4, 2004 U.S. Bancorp (NYSE:USB) Following a national site selection search, U.S. Bank announced today plans to build a new service and call center facility in the Coeur d'Alene area, which will create up to 500 new jobs over the next...
- Research articles 2004-05-04
- Statements to Congress - Griffith L. Garwood on electronic benefit transfer programs and Edward W. Kelley Jr. on supervision of bank sales practices
- Statement by Griffith L. Garwood, Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services, US. House of Representatives, June 19, 1996
- Research articles 1996-08-01
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