Despite Bitcoin's pop culture appeal, most people perceive the virtual currency as so complicated that it must take a rocket scientist to understand. But Moneero has invented a machine that aims to change that perception.

Consumers will have more confidence in the formal system of money transfers once they are given clear information about how much money will actually be available on the receiving end.

Former Citigroup executive Gordon Baird plans to launch an application at Independence Bancshares that ties together mobile banking and real-time processing – a technology that some industry experts say could revolutionize banking.

A breakdown of M&A announcements in the financial services industry for the week ended Oct. 12

First Republic Bank (FRC) in San Francisco reported a 9% rise in quarterly profit on increased lending and continuing improvement in its wealth management income.

The Federal Reserve Board has hit three Southern banks — Highlands Community Bank and New Peoples Bank in Virginia, and North Georgia Community Financial Partners — with enforcement actions.

Toronto-Dominion Bank is thinking of making a play for Royal Bank of Scotland’s Citizens Financial Group, according to a report published Sunday.

Wintrust Financial in Rosemont, Ill., recorded higher quarterly profits on increased net interest income and benefits from buying Diamond Bancorp in Schaumburg, Ill.

Monitoring fraud and deception is an immense undertaking for third-party payment processors and banks. Trying to make them into first responders to various social pathologies is a step too far.

Commerce Bancshares (CBSH) in Kansas City, Mo., beat quarterly earnings estimates as its asset quality and fee income improved.

Citigroup Inc., the third-biggest U.S. bank, reported a $3.23 billion profit that missed analysts' estimates as bond trading slumped 26 percent and U.S. mortgage revenue declined.

Capitol Bancorp said late Monday that it will sell its four remaining banks to Talmer Bancorp in Troy, Mich.

SOUTH PORTLAND, Maine – Town and Country FCU is proposing to build a 40,399-square-foot office project in nearby Scarborough that would serve as office space for the credit union’s lending, accounting, collecting and marketing offices.

These financially underserved individuals are far from disconnected. They are actually more active users of mobile phones and social media than the population at large.

Continued regulatory gaps in overdraft service put consumers at financial risk and potentially expose them to high, unexpected costs for little benefit.

About 80% of Bank of the West's wealth management customers are existing customers from elsewhere in the bank, according to John Bahnken, head of wealth management for the San Francisco bank.

The San Francisco unit of French bank BNP Paribas is in the "early part" of its plans to enlarge its asset-management operations, but Bank of the West already has tripled its number of financial advisors and doubled its number of wealth-management customers.

China, Switzerland, Germany and Japan are among nations close to reaching arrangements with U.S. regulators to ease the dismantling of failed banks, said Federal Deposit Insurance Corp. Chairman Martin J. Gruenberg.

Wealth management has reached a critical juncture. The pressure to expand and cross-sell could encourage employees to cut corners and regulators to crack down on questionable practices. All this applies to big banks, which thirst for sources of growth, and small banks, which are jumping headlong into the business and catering to the less affluent clients ignored by large banks.

Hyperion Bank in Philadelphia has appointed a president and chief executive to replace its retiring founder.