Kristin Broughton

Ocwen Financial (OCN) has repurchased approximately $72.3 million in stock from WL Ross & Co., a private-equity firm in New York.

Citizens Financial Group has hired Stephen T. Gannon, a former attorney for the Securities and Exchange Commission, to be its general counsel and chief legal officer.

Federal and state authorities on Monday sought to rein in three companies accused of exploiting consumers struggling to pay off their debts.

The ATM maker and bank technology provider Diebold has named Sal Mahbouba as vice president of global services.

More small banks are engaging on social media and are finding ways to highlight their community involvement, promote their personalities and better connect with customers.

The ATM maker and bank technology provider Diebold has named Sal Mahbouba as vice president of global services.

Northwest Bank in Boise, Idaho, has agreed to buy Regal Financial Bank in Seattle.

Hanmi Financial (HAFC) in Los Angeles has sold two insurance businesses Chunha Holding in Garden Grove, Calif.

Jane Thompson, former president of Wal-Mart Stores' financial services unit, has joined the board of the Center for Financial Services Innovation, a research group in Chicago that focuses on low-income consumers.

Signature Bank (SBNY) in New York has created a pair of nationwide lending offices, focusing on restaurant franchises and the commercial marine industry.

QNB Corp. (QNBC) in Quakertown, Pa., is looking to replace its chief financial officer.

Liberty Bank for Savings in Chicago has launched an all-digital payments account for millennials, or consumers between the age of 18 and 34.

KeyCorp (KEY) has added a retired federal bank regulator to its board.

American Express’ network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court July 10.

Regulatory fines, lawsuits and other scandals have made it difficult to repair banks' damaged public images, 80% of marketing and communications executives from financial firms said in a recent survey. That's not all they are stewing over, either.

Discover President Roger Hochschild, testifying at a government antitrust trial of American Express in federal court in Brooklyn, N.Y., said his company tried to offer low interchange rates in the late 1990s and then gave up because bigger, higher-cost rivals had too much market power.

Prepaid processor i2c, Inc. has opened a new office in Singapore as it extends its operations the Asia Pacific region.

F.N.B. Corp. (FNB) has moved its corporate headquarters to Pittsburgh.

Alternative payments provider ZipZap has added new Central and South America nations to its cash-to-Bitcoin network.

First Data has launched a payments platform for online and casino-based gaming.