Search giant now has both major card associations on board with its mobile payment application, as well as First Data and Citi.

First Bancshares Inc. in Hattiesburg, Miss., said Monday that it had expanded along the Gulf Coast after buying eight branches that had belonged to Whitney National Bank.

Google Inc. may launch its much-hyped Google Wallet as early as this week, according to a number of reports.

OCC head tells American Banker regulatory symposium that banks could face restitution after complaint reviews. Gruenberg, meanwhile, announces FDIC community-bank initiatives.

As the FDIC files more lawsuits against former directors of failed banks, a common theme has emerged from the defendants’ legal arguments: the FDIC is to blame for the failures. Industry observers are divided as to whether the defense will hold water in court.

Major U.S. banks plan to launch a common website, toll-free phone number and advertising campaign in the coming weeks to solicit complaints from consumers harmed by problems in foreclosure processing, a top regulator said Monday.

Fannie Mae and Freddie Mac are gradually increasing the guarantee fees they collect from lenders, and may discontinue the volume discounts they give large banks, acting director of the Federal Housing Finance Agency Ed DeMarco said on Monday.

The former Investors Savings Bank in Short Hills, N.J., has shortened its name to Investors Bank to better reflect its increasing commercial focus.

The White House proposed Monday to "modestly" increase the fees that mortgage finance companies Fannie Mae and Freddie Mac charge mortgage lenders as a way to reduce the U.S. mortgage system's dependence on government support.

WSFS Financial Corp. in Wilmington, Del., has hired Paul D. Geraghty as its chief wealth officer.

Atlantic Coast Financial Corp. in Jacksonville, Fla., said in a regulatory filing last week that Robert J. Larison Jr. is retiring as its chief operating officer.

BBVA Compass plans to take a small first step into South Florida this spring, by opening a branch in Miami.

Dynamics announced a chip card that can re-write itself and hold two different accounts. The new product is a chip-based variation of Dynamics' rewritable magnetic-stripe card, which lets users select an account by pressing a button built into the plastic card.

Profitability is under attack in the banking world today. Economic realities and the regulatory environment have forced banks to change how they do business.

HARRISBURG, Penn. – Pennsylvania State Employees CU plans to break ground later this month on a 239,000-square-foot headquarters building that will accommodate as many as 750 of the credit union giant’s employees.

Regulators, mortgage insurers, and plaintiffs' attorneys all failed to stop a decade-long pay-to-play scheme in captive mortgage reinsurance alleged by HUD's inspector general. But the short-term profits the deals produced may have cost banks a great deal in the long run.

It looks bad for fans of the higher loan limits for the government-sponsored enterprises, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue.

It would seem like a no-brainer for troubled European banks: sell their prized U.S. units to stateside rivals that are eager to grow. But conditions just aren't right.

Google Inc. will launch its mobile wallet with MasterCard Inc. and Citigroup Inc. in "a couple of weeks," MasterCard CEO Ajay Banga said, but he cautioned that Americans will not regularly pay with their phones for years to come.

Reports filed by major issuers in mid-September - the first round of data since the debt ceiling standoff and since the Eurozone crisis boiled anew - were mixed, but showed no major fault lines.