Despite economic gloom, a number of industries are poised for success, according to IBISWorld research. Here is a sampling of industries projected to produce solid growth over the next five years.

Tagattitude's TagPay uses sound waves to securely transmit payment information without the need for a near-field communication chip. The French company's sound-based system generates dynamic data that is unique to each transaction.

Arizona regulators this week seized control of the troubled mortgage insurance division of PMI Group, Walnut Creek, Calif., according to a notice posted on the company's website.

The Federal Reserve usurps authority usually held by state regulators and fails a Colorado bank.

Mark Conner, former president of FirstCity Bank of Stockbridge, Ga., pleaded guilty to conspiring to commit bank fraud and perjury, according to the Justice Department Friday. FirstCity Bank was closed in March 2009.

Capital One Financial Corp. is looking for another private-label credit card portfolio to buy, as it absorbs the U.S. card business of HSBC Bank USA and the Kohl's Corp. store card portfolio, CEO Richard Fairbank said on Thursday.

Right now, the government is at risk for an increased share of the reduced amount of residential mortgages that are being produced. This is another damnable result of the recent crisis. No proposed remedy for it has attracted much support. I'll suggest alternatives.

Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.

Bank of America Corp. reshuffled top retail bank executives yet again this week, according to an internal memo obtained by American Banker.

The Spanish bank will raise $1 billion and plow some of the money back into its fast-growing Santander Consumer arm.

The following is a copy of an internal memo from Bank of America chief operating officer David Darnell obtained by American Banker.

Under an order from regulators to raise fresh capital, Central Federal Corp. in Fairlawn, Ohio, said in a Securities and Exchange Commission filing Friday that its shareholders have approved a plan to more than quadruple its number of outstanding shares.

Lending is nothing to joke about these days, as a SunTrust Banks Inc. executive learned at the Risk Management Association's annual conference Monday.

Genome projects map the relationship between human DNA and musical preferences, so why not that of people and their cards? Many companies are mapping the so-called payments genome to make more accurate predictive marketing decisions and improve fraud detection.

SVB Financial Group's stock was up sharply Friday after the company reported third-quarter earnings that handily beat analysts' estimates.

Despite a rough economic forecast, panelists at a recent Risk Management Association conference believe they have found areas poised to thrive.

MB Financial Inc. in Chicago managed to produce a third-quarter profit after its credit costs fell dramatically, though shrinking revenue disappointed analysts.

But the Green Bay, Wisc., bank is finding new loans and employees thanks to the sale of rival M&I, Flynn says.

The Atlanta bank's major cost-cutting program has yet to tame expenses. CEO William Rogers urged patience.