Chris Cumming

Bankers appear set to get their long-awaited rate rise, but the top executives of the biggest banks still have lukewarm expectations for the coming year, according to forecasts laid out by the top brass from JPMorgan, Wells Fargo, PNC and others.

Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by MasterCard and a group of financial institutions, according to court documents filed Wednesday.

Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by a group of financial institutions, according to court documents filed Wednesday.

Banks are losing auto finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.

Add retail customers to the list of groups raising concerns about possible high-pressure product-sales tactics at Wells Fargo; many of them are considering jumping ship in response, according to a new survey of customer attitudes at big banks. However, Wells' rivals shouldn't celebrate — they are at risk of losing customers, too, for a variety of reasons.

Brian Moynihan and Bill Demchak raised concerns Tuesday about the conduct of data aggregators, and particularly how well they protect customer data. The comments come amid reports that banks have been trying to strangle aggregators' access to their systems.

The forthcoming "overnight bank funding rate" should give banks and researchers a more accurate picture of funding costs, but it is not clear whether the rate is part of the Fed's effort to reform Libor.

The Financial Accounting Standards Board has postponed the release of a rule to overhaul how banks calculate loan losses.

Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.

Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.

Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.

Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.

Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.

Hedge funds that invested in CertusBank have sued its former management team, claiming they misappropriated millions and doomed the bank with wasteful spending. Certus closed shop last week after losing nearly $200 million of its $500 million in startup capital in less than four years.

Banking regulators have been coy about whether they approve serving marijuana businesses, but lately one regional Fed bank has taken a strong position against the practice. But there are nearly three dozen Fed-supervised banks serving pot companies — one of many seeming inconsistencies in an opaque and confusing regulatory policy.

Banking regulators have been coy about whether they approve serving marijuana businesses, but lately one regional Fed bank has taken a strong position against the practice. But there are nearly three dozen Fed-supervised banks serving pot companies — one of many seeming inconsistencies in an opaque and confusing regulatory policy.

HSBC Holdings' plan to trim and sharpen the focus of its North American business unit in an effort to boost its profit appears to be paying off.

Banks have added so much capital in the past several years that they're better protected from declines in real estate values than they were before the financial crisis.

KeyCorp's deal to buy First Niagara is a return to significant M&A for a company that has long been content to stay on the sidelines. But getting such a deal approved is tougher than ever, and will test Beth Mooney’s regulatory juice.

Ally Financial in Detroit drew more deposits into its online bank last quarter, which helped improve its lending margin even as profits declined.