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One week after the Federal Reserve Board launched a Facebook page, social media experts are faulting its approach as high-handed and tone-deaf, raising questions about what the central bank was trying to accomplish and about its commitment to social media.

The New York State Department of Financial Services has fined Mega International Commercial Bank in Taiwan $180 million in connection with allegations that it violated New York’s anti-money-laundering laws.

As it charts a long-term digital payment strategy, TSYS has hired Karim Ahmad, a management consultant with a background in financial technology, to be as head of global product and innovation.

Wells Fargo & Co. will pay $3.6 million to the U.S. Consumer Financial Protection Bureau and $410,000 in restitution to settle the regulator's claims over student-loan servicing policies that it says boosted costs for borrowers.

Analytics tools for customer experience are an increasing priority for banks, but technology alone won't change anything. Banks also need to create an internal culture of data science.

The Federal Deposit Insurance Corp. is receiving a rising number of new inquiries from organizations seeking to obtain a bank charter, the agency said in a report Monday.

The Windy City is littered with small, privately held banks, some of which are looking to sell. Here is an overview of the challenges — and possible solutions — faced by those banks and ones like them in clogged banking markets around the country.

The holding company for Tennessee's FirstBank plans to hold an initial public offering, in order to make more than $65 million in distributions and debt repayments to its chairman.

Industrial Credit and Investment Corporation of India has launched a payment service through its mobile banking app using smartphone keyboard technology developed at one of its mobile development challenge events.