The Latest

Electronic payments technology provider Verifone has entered into an agreement to buy Payment as a Service provider InterCard AG.

The Financial Stability Board finalized a standard Monday that will require 30 of the world’s largest banks to hold a combination of debt and equity that could be used to absorb losses and facilitate a resolution if one of them were to become insolvent.

Parke Bancorp in New Jersey decided to sell its SBA lending business when it realized the group had national aspirations. Berkshire Hills Bancorp, a larger bank in Massachusetts, was pleased to buy the unit.

Traditional installment lenders are fixtures in their communities and verify borrowers' ability to repay, which cannot be said of payday lenders.

Banc of California in Irvine has named James McKinney its new chief financial officer. McKinney joined the $6.4 billion-asset bank in September as chief accounting officer.

The 2016 presidential race is shaping up to be the most expensive ever held. Following are the top financial-services donors, including employees, their immediate family members, and political action committee contributions, to each major presidential candidate (sorry Jim Gilmore). Data as of Sept. 30, 2015, all data based on Federal Election Commission filings compiled and analyzed by the Center for Responsive Politics.

The Consumer Financial Protection Bureau's current approach to carrying out new authority under the Dodd-Frank Act to punish "abusive" behavior is likely not sustainable.

Grayson Bankshares in Independence, Va., and Cardinal Bankshares in Floyd, Va., have agreed to merge to form a new holding company.

The Financial Accounting Standards Board's proposal to start loss reserves when a loan is originated is antithetical to banks making localized financial decisions.

Ohio regulators announced the filing of a lawsuit Friday against Buffalo, N.Y. collection agency Rotech Holdings Ltd. for allegedly harassing and misleading Ohio residents.