WASHINGTON - Two failures Friday evening cost the Federal Deposit Insurance Corp. an estimated $160 million.

Bank of America Corp., which announced a $3 billion settlement with Fannie Mae and Freddie Mac this year, told investors that elevated claims from Fannie and Freddie may cost more than previously forecast.

Thieves made off with personal information of 92,408 Citigroup Inc. credit card customers in Japan and sold the data to third parties, the bank said Friday.

A coalition of bipartisan lawmakers, aided by industry and housing groups, faces an uphill battle to extend the increase against unlikely allies: House Republican leadership and the White House.

Wells Fargo & Co. was accused in a group lawsuit of ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them.

The board at Cardinal Bankshares Corp. responded Thursday to a series of demands by Douglas Schaller, rejecting the activist shareholder's assertion that the company should sell itself.

With its coffers at capacity, the capital-flush Cincinnati company said recently it would raise its dividend to equal 100% of its quarterly earnings.

Banks face a big challenge in performing the high degree of analysis required under new security rules for payments initiated online. National Penn Bancshares claims to have had significant success fighting fraud using technology and human interaction.

The buzz word "duplicative" has been making the rounds lately, employed by watchdog groups and politicians to describe government programs which overlap and offer redundant services at taxpayer expense.

Forget the crumb of good news in the jobs report. The economy is getting worse, not better. It's time to waive the white flag and lower your price tag unless you are a strong bank.

BancorpSouth Inc. said late Thursday that it is selling a pair of Texas branches to First National Bank of Hughes Springs in Texas.

The bill-payment software vendor is dealing with declines in part of its banking segment. But it is seeing a resurgence in ecommerce activity and walk-up bill payments.

Except when empowered by exclusive legal standing — for instance, in marketing checking accounts — banks consistently fail in competing to sell financial services to consumers. The most dramatic example is wealth management, but there are many others.

WASHINGTON — Twenty small banks will receive a total of $253 million in the latest round of funding from the Small Business Lending Fund, according to the Treasury Department.

Madison National Bancorp Inc. in Melville, N.Y., is giving an investment group an additional six months to complete its planned acquisition, but the seller is building in insurance.

The industry's giants have received most of the flows generated by tidal shifts in money markets, and have been impelled to shore up core funding by new liquidity rules.

Square's mobile card reader is under fire again for its security. But this most recent attack may not be particularly troubling, since it has few opportunities for misuse.

Shares of PMI Group Inc. fell by half after the mortgage insurer warned it could be forced to stop selling new coverage.

Citing conflicts of interest and a "failure to safeguard documents," Eric Schneiderman wants a seat at the table where Bank of America, BNY Mellon and top mortgage bond investors sit.

PHOENIX – Desert Schools FCU on Thursday said it signed with Diebold to upgrade its ATM fleet with deposit automation, personalized marketing and integrated services.