Items Tagged with 'Retail banking'


  • Citi’s slightly higher earnings pulled down by mortgage revenue in Q1

    Causes retail banking to increase just 4%
    Citigroup reported Friday a slight increase in its earnings from last year, but this was not thanks to its mortgage banking revenues, which actually pulled earnings down slightly. While the bank doesn’t say much on its mortgage activity, Citi did report that if it excludes mortgage revenues, its retail banking revenue increase doubles.
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  • Wells Fargo keeps mortgage lending comp intact

    Changes focus on retail banking
    Wells Fargo recently announced it would completely overhaul its current compensation plan and replace it with one that will help prevent another scandal, but there’s one catch. The change will only apply to the retail sector, everything else will continue as business as usual.
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  • ditech continues retail lending growth

    Announces expansion into new markets
    According to ditech, the new retail branches are in Washington, Oregon, Utah, Ohio and Illinois and “complement the company’s existing retail operations, enhancing its current presence and adding new outlets in key markets across the country.”
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  • Virginia-based Millennium Exits Mortgage Banking

    Millennium Bankshares Corporation today announced it will exit its mortgage banking activities, citing the effects of a soft housing market. “We were concerned about future volatility in earnings as a result of the soft housing market and wanted to eliminate, going forward, the risks normally associated with mortgage banking activities,� said Carroll C. Markley, CEO of Millennium.
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