Chris Cumming

A group of investors will be made whole after a failed Danish bank was found to have misrepresented its finances.

Three former executives of Freddie Mac have settled charges that they lied about the government-sponsored enterprise's exposure to subprime mortgages before the market collapsed.

Cryptocurrency companies and legal marijuana businesses now routinely pay thousands a month for access to basic banking services, which some think reflects their lack of other options more than their real risks.

Fees for prepaid debit cards have shifted in the last year, with some transaction charges becoming less common while automated-teller-machine fees rose, according to a new study.

Fees for prepaid debit cards have shifted in the last year, with some transaction charges becoming less common while automated-teller-machine fees rose, according to a new study.

The last Australian bank providing remittances to Somalia stopped this week, mirroring similar pullouts by U.S. banks that have endangered a crucial source of financial support for the African country.

Citizens Financial in Providence, R.I., is continuing its push into consumer lending by offering loans to the parents of college students.

More than two years after agreeing to pay a massive sum to settle charges oflaundering billions of dollars for drug gangs and terrorists, HSBC still has not properly reformed its internal controls, the settlement monitor reported. The bank also plans to remove a key U.S. executive after he tried to interfere with internal auditors.

Retailers have been able to get credit card surcharge bans in California and New York thrown out by using an unusual legal argument based on the First Amendment. The wins are significant, but merchants still need to fight through a legal thicket before card surcharges become practical.

American Express is planning for a protracted legal battle with the Justice Department in order to defend its ability to structure merchant contracts as it sees fit, company officials said March 25.

American Express executives are shedding more light on the company's legal strategy after its recent loss in an antitrust fight with the Justice Department over merchant contracts. Hint: they are in no rush to alter the status quo.

It's looking more likely that a judge will have to impose a fix that will bring American Express' merchant rules into compliance with federal law.

Banks' profits from corporate banking are shrinking, as margins have tightened, a new study shows. But they can still win market share by cross-selling and offering tailored products.

Ally Bank, which has been known for online deposit-gathering and ads that poked fun at traditional banks, was the envy of some in the industry and a source of anger for others. But now it is looking to alter its business model as its struggling parent company retools.

To shake off years of sluggish growth, Citizens Financial is going hard after asset classes that other banks are starting to back away from. The Providence, R.I., company says the growth opportunity outweighs the risk.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

Industry groups are urging the Pentagon to soften its proposed expansion of a rate cap on loans sold to service members, but banks face opposition from dozens of advocacy groups that favor tougher restrictions.

PrivateBancorp, despite having one of banking's most rate-sensitive loan books, has grown earnings by relying on fee diversification and new specialty lines. CEO Larry Richman discusses the growth strategy and what he expects when rates do finally rise.

Change is coming to the credit card industry following the government's recent antitrust victory against American Express, but the next few weeks could determine how deep the changes are — and who wins and loses.

A court-imposed deadline for American Express to negotiate a fix to its merchant rules with the Department of Justice is about three weeks away. Odds of a deal are said to be low, heightening uncertainty — and fueling debate — about how the showdown will affect the future of the credit card business.