ICB Financial in California paid the FDIC $500,000 for a waiver against any cross-guarantee liability from the failure of Progress Bank of Florida.

American Express Co. has hired Linda Zukauckas to be an executive vice president and corporate comptroller. Zukauckas joins American Express from Ally Financial, where she was the managing director of corporate strategy.

Citigroup has named Manuel Medina-Mora head of global consumer and commercial banking, and also moved around several other top executives.

Banks with thousands and tens of thousands of employees shudder when dozens or hundreds of demonstrators display their resentment of "Wall Street" and when surveys show that lots consumers dislike or blame banks. Then articles blossom, telling us how to convince employees that they should not be ashamed of being bankers.

Customers who use debit cards are still a more profitable group overall, even with the Durbin rule capping interchange rates. The challenge is finding a workable pricing formula.

Community banks and credit unions plan to keep pushing promotions in coming weeks as a way of maintaining momentum after Bank Transfer Day.

Kentucky First Federal Bancorp in Hazard, Ky., has is acquiring CKF Bancorp Inc. in Danville, Ky., in a deal that would expand its branch network into two new markets in its home state.

PayPal Inc., a pioneer in alternative online payments, is now seeking to stake a new claim in the burgeoning and increasingly congested mobile payments space — and what sets it apart may be a three-year-old acquisition.

MF Global Holdings Ltd. Friday said Chief Executive Jon Corzine had resigned all posts with the firm and confirmed he will not seek severance payments, according to a statement from the company.

JACKSON, Miss. – Hope CU has opened a full-service branch in nearby Utica, two months after BancorpSouth, the town’s only bank, closed its branch there.

A glimpse of what may represent the future of payments has arrived, but thus far only in certain geographic areas. With the Card Case smartphone application from Square Inc., consumers pay simply by stating their names at the point of sale.

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JPMorgan Chase & Co. is giving its three top credit card program customers several options to redeem points and buy gifts for the holiday season, a move the company hopes will create buzz for the products and one that may help spur consumers to move back to using credit cards more often for holiday shopping, analysts say.

The court-appointed trustee overseeing the liquidation of Thornburg Mortgage says RBC Capital Markets shortchanged the company by $35 million when it improperly seized the assets backing repurchase agreements the mortgage lender had used to fund its business.

The mobile wallet providers Google Inc. and Isis continue to position their products as more than just payments vehicles to replace plastic cards.

Community West Bancshares in Goleta, Calif., has named Martin E. Plourd as president and chief executive of its bank subsidiary, Community West Bank.

If Sens. Dick Durbin and Jack Reed get their way, banks will soon be required to adopt a uniform one-page form for checking account fees.

On Capitol Hill and at the White House, Democrats tried Thursday to pressure Senate Republicans who have vowed to block the nomination of Richard Cordray to CFPB by citing the agency's inability to pursue nonbank lenders who prey on service members.

The bank wanted to be up front with consumers about its short-lived debit card fee, senior executive Laurie Readhead said. She acknowledged a lack of initial planning, saying B of A has "a lot to learn."

AmeriFirst is turning to technology to bring servicing operations in-house while achieving the same cost efficiencies that traditionally have been achieved via subservicing arrangements.