Jacob Passy

Walker rejects sections of state budget that would expand payday lenders' authority.

Signature Bank in New York has partnered with Financial Software Solutions to expand the products and services that it offers bankruptcy trustees.

Gov. Scott Walker sided with banking and other financial groups that opposed legislation letting payday lending companies offer insurance, annuities and other financial products.

Larry Otto has jumped ship from the second-largest bank in St. Louis to the largest.

Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.

Capital One Financial has purchased another digital design studio as it works to deepen its reach in Silicon Valley.

Verifone has brought on two new executives to head up its Asia Pacific and China regions on the heels of its disappointing results in those markets.

S&T Bancorp in Indiana, Pa., has promoted Jim Mill to chief information officer. In the newly created position, Mill will oversee the $6 billion-asset company's technology infrastructure and maintain its progress in offering new products.

Digital money transfer provider Xoom has introduced an instant mobile reload service that allows consumers to send airtime credit online from the U.S. to prepaid mobile phones abroad.

JPMorgan Chase is looking to lower its overhead by shifting more than 2,100 jobs from New York City to New Jersey.

In a report on the need for financial regulators to improve their data security efforts, the U.S. Government Accountability Office called for NCUA to have the authority to examine credit unions' third-party technology providers.

Bank regulators should improve their collection of data on information security incidents at financial institutions and facilitate better information-gathering about industrywide cyber threats, the U.S. Government Accountability Office said Thursday.

Cadence Bank in Birmingham, Ala., has closed three branches in Alabama and plans to close five more in Mississippi and Texas, the Birmingham News reported.

PNC Financial Services Group in Pittsburgh has named former Walgreens Chief Executive Gregory Wasson to its board.

Diane Bailey Morton was named the $1.6 billion-asset C1's chief human capital officer and general counsel, while Dustin Symes will head up retail lending operations.

South Shore Bank in South Weymouth, Mass., has named new chief executive and chief operating officers.

BancorpSouth in Tupelo, Miss., has again extended the deadline to complete its acquisitions of Central Community in Temple, Texas, and Ouachita Bancshares in Monroe, La.

Synchrony Financial signed a multiyear extension with Chevron to issue cards and the two companies introduced a new rewards program.

ConnectOne Bancorp in Englewood Cliffs, N.J., has issued $50 million in subordinated debt and intends to exit the Small Business Lending Fund program.

The use of prepaid cards has skyrocketed, thanks in part to rising popularity among consumers who already have a checking or savings account, according to the Pew Charitable Trusts.