Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
The Federal Deposit Insurance Corp. issued prompt corrective actions against five banks in January, telling them to either raise capital or be acquired by another institution.
Bank of America Corp. is switching its U.S. employees to a single defined contribution retirement plan at the end of the second quarter.
Atlantic Coast Financial Corp. in Jacksonville, Fla., reported a loss of $4 million in the fourth quarter, compared with a loss of $5.2 million a year earlier, as its expenses and loan-loss provision declined.
Commerce National Bank & Trust in Winter Park, Fla., has entered into a consent order with the Officer of the Comptroller of the Currency that requires it to clean up its loan portfolio and bolster its capital levels.
Software lets small business set up mobile storefronts and process mobile payments.
SmarterComics has teamed up with Karen Berman and Joe Knight to turn their financial guide for managers into a comic book.
Rockville Financial Inc. in Connecticut reported record fourth-quarter income of $4 million, up 48% from a year earlier, as net interest income and noninterest income rose.
Consumer advocates and others urge banks to improve overdraft disclosures, press CFPB's Cordray to regulate Wal-Mart.
Industry members and consumer advocates gathered on Wednesday to hear officials from the Consumer Financial Protection Bureau outline their concerns about overdraft practices.
People's United Financial Inc. in Bridgeport, Conn., is moving to streamline its operations after making five acquisitions in less than three years.
Offering payment technology that supports game developers who want to write one app and run it on many platforms.
Maryland lawmakers will consider a bill that would require the state treasurer to give a preference to banks with less than $5 billion of assets when doling out state banking business.
Provides device identity authentication as well as user authentication.
Sterling Financial Corp. of Spokane, Wash., has laid off 6% of its full-time employees as it works to reach an ambitious efficiency ratio goal by 2013.
Alliance Data Systems Corp. has renewed an agreement to provide private-label credit card services to clothing retailer The Buckle Inc.
First Niagara Financial Group Inc. in Buffalo is planning to open at least five new branches in Connecticut this year to go along with the six it is acquiring in the state from HSBC Bank USA.
Provident New York Bancorp in Montebello said in a shelf registration that it may raise up to $75 million through the sale of various securities.
The Office of the Comptroller of the Currency has entered into an agreement with American National Bank in Oakland Park, Fla., after finding "unsafe or unsound banking practices relating to credit risk."
First Niagara Financial Group Inc. expects to close 35 branches after it completes its acquisition of HSBC Holdings Plc's branches in mid-May.
Wells Fargo & Co. is reorganizing the structure for its insurance brokerage and consulting division from 15 regional offices to seven regions with roughly 160 local offices.
