The Latest

The Office of the Comptroller of the Currency's unexpected move to require the largest banks to develop a "recovery plan" has raised questions about why the agency is moving now and how its mandate differs from regulatory requirements for institutions to develop "living wills."

The $467 million-asset mutual thrift appointed Patricia Stetler to the role this week.

The $5.6 billion-asset multibank holding company hired Fontaine to replace Ed Hooks, who has been its counsel since 1992 and who will retire at the end of the year.

Customers Bancorp in Wyomissing, Pa., has agreed to buy the disbursements business of Higher One Holdings in New Haven, Conn.

Fannie Mae is offering yet another carrot to lenders that have lobbied extensively for relief from loan repurchases.

Google's mobile wallet, Android Pay, can now be used for in-app purchases on Android devices.

An interbank loan market that was created for small and regional banks has begun operations, recording $15 million in transactions on its first day.

A breakdown of M&A announcements in the financial services industry for the week ended December 12.

A startup backed by philanthropist Pierre Omidyar has emerged from stealth mode with technology that promises to provide consistent value and a degree of privacy to electronic money.

First Financial names new CEO, Net Credit Union appoints new CFO and more CU executive moves.