Northern Trust Corp. announced Wednesday it repurchased for $87 million a warrant issued to the Treasury Department to buy about 3.8 million shares of its common stock as part of the Tarp Capital Purchase Program.

Confidence among affluent investors grew in the second quarter, according to the TNS Investor Confidence Index.

BNY Mellon Wealth Management, a unit of Bank of New York Mellon Corp., has hired Kristin Nelson and Dean W. Catalano as senior sales directors in the unit's plan to expand in Southern California.

Provident Funding Associates, a private mortgage lender, has agreed to pay $9 million to settle allegations its brokers charged minorities higher fees and interest rates, federal regulators said Thursday.

New servicing standards issued by the government-sponsored enterprises are unlikely to pose a hurdle for the biggest nonbank players in the market, but small servicers could find it more challenging.

In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector automated underwriting system.

Consumers needed payment platforms that could handle internet payments, and startups quickly filled the void, says Chief Outsiders' Mark Coronna.

Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.

As the number of payment types and channels increase, manual processes to handle fraud can rapidly become unmanageable, says The ai Corporation's Oliver Tearle.