First Busey in Champaign, Ill., has abruptly changed the responsibilities of several executives.

A recent story published by media in Houston stated that a Texas man had been arrested for failing to pay his student loan debts. In fact, the man, Paul Aker, was arrested for failing to appear in court.

Bank earnings rose nearly 12% to $40.8 billion in the fourth quarter from a year earlier, boosted by lower litigation expenses at a few large institutions, the Federal Deposit Insurance Corp. said Tuesday.

To brace for stress in the energy sector, Cullen/Frost Bankers in San Antonio, Texas, recently boosted its reserves on oil-related loans to 3% — while competitors like Hancock Holding and Wells Fargo have set even higher reserve levels. "The mix of loans is very different," says Dick Evans, chairman and CEO of the Texas bank.

It is time for institutions to act independently of the Federal Reserve and raise their loan interest rates to improve returns.

JPMorgan Chase said it would need to boost reserves for impaired energy loans by $1.5 billion if oil prices hold at about $25 a barrel over 18 months.

Despite banks' attempts to test and use blockchain, the technology that powers bitcoin, for their own commercial gain, it is outside the realm of possibility for the technology to serve any useful purpose for the intermediaries it was designed to replace.

UBS executive Rosemary Berkery has returned to the Swiss company's U.S. operations after a medical leave.

Bank Mutual in Milwaukee has agreed to support an activist investor's nominee to its board.

Patricia Watson joined the board of the $19 billion-asset Texas Capital on Friday. Watson has been chief information officer at TSYS, a payments processor based in Columbus, Ga., since September.

There's nothing like the threat of a corporate relocation to prod government economic development officials into action.

OnDeck Capital in New York reported a $5.1 million loss in the fourth quarter as revenue failed to keep pace with rising expenses.

The Treasury Department will invest an additional $2 billion from the Troubled Asset Relief Program into a federal fund that seeks to protect homeowners from foreclosure.

When Andrew Samuel joined Sunshine Bancorp in 2014, it had a casual culture where growth wasn't a big focus. Less than two years later, he has turned the company into a commercial bank with growth — and acquisitions — firmly in its future.

For all the technology banks have to help them deliver personalized service, the overall customer experience remains a challenge.

Many consumers expecting a tax refund this year will use it to pay down debt or save the money, according to the National Retail Federation’s annual Tax Returns Survey.

The Consumer Financial Protection Bureau's use of enforcement actions to try and make broad changes to the auto lending market is fragmenting the industry further and potentially limiting a consumer's ability to negotiate for a lower interest rate.

South Dakota Bancshares in Pierre, S.D., has agreed to buy First State Bank in Pierre.

Wisconsin lawmakers are reviewing a plan to send Milwaukee County’s debt to the state’s Department of Revenue for collection.

With the stakes so high for compliance officers, their rights and responsibilities should be clearly defined, including a safe harbor for those who play by the rules.