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Until regulators are made more independent of the bankers they supervise, all the lawsuits and campaign promises in the world won't fix the financial system, says Neil Barofsky, former special inspector general of Tarp.
October 26 -
1st Capital Bank in Monterey, Calif. has recruited a Central Coast banking veteran to its executive team.
October 26 -
A company that automates the production and delivery of documents has rolled out a new version of its software.
October 25 -
One of two groups that claimed responsibility for a cyberattack on one bank last week may be eyeing at least one other financial institution.
October 25 -
Sales of existing homes edged up slightly in September in a sign the housing market continues to recover slowly.
October 25 -
Zillow, the online real estate company, said Thursday it has added information on 1.8 million pre-foreclosure and foreclosed homes to its site.
October 25 -
A pickup in lending lifted First California Financial Group (FCAL) in Westlake Village in the third quarter.
October 25 -
A legal settlement and an investment loss weighed on United Bankshares (UBSI) in Charleston, W.Va., in the third quarter.
October 25 -
Banks looking to reinforce their defenses against data theft may want to start with their automated teller machines.
October 24 -
A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.
October 24 -
TD Bank Group (TD) will run all facets of a credit card program for one of the nation's largest jewelry chains.
October 24 -
Royal Bank of Scotland (RBS) will pay $42 million to settle a probe by Nevada's attorney general into its mortgage-purchase practices before the housing crisis.
October 24 -
Earnings at the $7.5 billion-asset company in DeWitt, N.Y., fell 8.5%, to $18.3 million, from a year earlier, it reported Tuesday.
October 24 -
Lower yields and higher expenses weighed on Hudson City Bancorp (HCBK) in Paramus, N.J., in the third quarter.
October 24 -
Regulators are barring a Maryland bank holding company from paying shareholders and some creditors until it takes steps to boost capital.
October 23 -
Ally Financial is selling its Canadian auto finance operation to Royal Bank of Canada (RBC) for $4.1 billion.
October 23 -
Earnings at FirstMerit, the $14.6 billion-asset Akron, Ohio, bank rose 10%, to $34.9 million in the third quarter, compared with a year earlier, it reported Tuesday. Noninterest expense fell 6.4%, to $108.5 million, over the same period.
October 23 -
Kofax, a company that automates business processes for financial companies and other firms, has introduced an application that lets mortgage lenders capture information from borrowers by taking a pictures of documents with a mobile device.
October 23 -
The Izz ad-Din al-Qassam Cyber Fighters Group, which has claimed responsibility for recent cyberattacks on at least 10 banks, said Tuesday it would halt further strikes over the next few days in honor of an upcoming Islamic religious holiday.
October 23 -
One of the largest providers of force-placed insurance, under pressure from regulators to lower prices for the coverage, has agreed to reduce premiums it charges for the product in California.
October 22
