The Latest

Bank of America, whose shares fell 14% in the week through yesterday, led U.S. banks higher in New York trading after analysts upgraded the stock.

Following the retirement of CEO John Gallinagh, Joseph Mansour has been promoted from CFO to CEO and John Craig is now CFO.

Wireless transactions provider Apriva and payment technology services company Global Payments have teamed up to release a white-label EMV mobile payment offering.

Community banks must pay more attention to their clients' problems, needs and desires. Unfortunately, too many small banks have embraced a one-size-fits all marketing model.

Algonquin State Bank in Illinois has promoted several employees in a revamping of executive management.

Marketplace lenders and other alternative finance companiesshould be perceived not as a threat, but rather as a group of pioneers opening up opportunities for those banks that elect to buy, build or partner in this market.

More than 212 million biometric authentication devices will be shipped over the next decade for use in financial services, according to recent Tractica market research.

A proposal from city council members in Arlington, Texas would impose stronger restrictions on payday and auto title lenders, including limiting where and in what type of buildings they can do business.

SBT Bancorp in Simsbury, Conn., plans to raise about $7.5 million through a private placement of subordinated debt and $8.6 million through a public offering of common stock.

CVB Financial in Ontario, Calif., has appointed entertainment industry veteran Kristina Leslie to its board.