Consumer banking
Consumer banking
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Strong opinions abound on the future of bank branches. Will branches be relevant 10 years from now? Will financial technology solutions be able to significantly disrupt the business of banking such that branches, at least as we know them today, become obsolete?
August 31 -
WASHINGTON — Banks are again urging policymakers to reject proposals that would allow credit unions to make more business loans.
August 31 -
Although both bankers and retailers spent thousands on lobbying over the cap on interchange fees for debit cards, campaign contributions cannot explain why 12 key senators switched their votes.
August 31 -
As Visa has been ramping up its promotion of one-time-use card data for security, Discover Financial Services is winding down its support of a similar technology. The key difference is that the system Visa is pushing is used at the point of sale, whereas the one Discover is discontinuing is used online.
August 31 -
Little has been done to buoy confidence that an economic recovery is at hand. A settlement of the investigations surrounding last year’s robo-signing scandal that, among other things, achieves widespread principal reduction commitments from major servicers, could change that — but only if done carefully.
August 31 -
Recapitalization efforts at First Mariner Bancorp may be in peril following the company's removal from a Nasdaq listing.
August 31 -
Payment processor is harnessing technology from Trusteer to help prevent Trojans and other forms of online fraud.
August 31 -
By adding new processing capabilities, the bank is extending payment acceptance to include varied online payment methods for corporate clients that have international footprints.
August 31 -
Fifty community banks across the country received $767 million in the latest round of funding from the Small Business Lending Fund, the Treasury Department said Wednesday.
August 31 -
After months of rumors, Bank of America made it official Wednesday morning, saying it would exit the correspondent mortgage space, where it ranks second nationwide.
August 31 -
Swope Montgomery, the longtime CEO of BNC Bancorp in High Point, N.C., details his growth strategies, cautions on deals and the risks and rewards of private equity.
August 31 -
Its suit against Bank of America shows U.S. Bank is more willing than other trustees to help investors force issuers to buy back soured loans.
August 31 -
A $9.07 a share, Beach Business Bank's comes at a 53% premium to the Manhattan Beach, Calif., seller's closing price.
August 31 -
The bank technology vendor S1's board told shareholders not to accept ACI Worldwide's exchange offer — yet. The board said Wednesday that it is reviewing ACI's Tuesday offer to shareholders in ACI's latest step to disrupt S1's planned merger with Fundtech.
August 31 -
Fannie Mae and Freddie Mac became the latest big names to seek a voice in the massive $8.5 billion settlement reached by Bank of America Corp. with investors in mortgage-backed securities with a court filing Tuesday.
August 30 -
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Bank of America's legal woes deepened Tuesday, as U.S. Bank filed suit over soured home-loan bonds and a flurry of investors said they might object to a high-profile mortgage-bond settlement.
August 30 -
The banking industry is reeling from a slowdown in the economy that could last years and layoffs in this industry will be severe. Bank of America leads the list with announcing that it will lay off 10,000 employees and UBS is geared to lay off 3,500, however, this round of layoffs will touch not only the large banks, but also community and regional banks.
August 30 -
Sun Bancorp Inc. in Vineland, N.J., announced Tuesday that it has filed a shelf registration statement with the Securities and Exchange Commission seeking approval to raise up to $150 million that it could use to fund future growth.
August 30 -
Heartland Financial USA Inc. in Dubuque, Iowa was approved for up to $81.7 million in the Small Business Lending Fund, the largest amount publicly announced.
August 30



