The Latest

Tangerine Bank, the former Canadian operation of ING Direct, is creating and testing applications on IBM's Bluemix cloud software environment at a facility in Toronto.

Starbucks founder and Chief Executive Officer Howard Schultz says he won't be making a run for U.S. president.

Despite being introduced to the market with great fanfare, Fannie Mae's 3% down payment mortgage offering has yet to gain much traction with lenders and consumers.

Plaza Bank in Irvine, Calif., has hired Kathy Gonzales for the newly created role of director of branch banking.

First Data and TruBeacon have been selected to provide point of sale technology and business-management software for Scooter's Coffee, an Omaha, Neb., chain.

The Louisiana Credit Union League and CU Strategic Planning have partnered to help CUs in the state gain certification as community development financial institutions.

Rep. Ann Wagner of Missouri is urging House Banking Chair Jeb Hensarling to recruit more female Republicans to the influential panel. Also women are wielding more economic power in the Middle East and Heidrick & Struggles predicts that women will hold half of board seats at major companies within a decade.

Banks are strongly condemning the Department of Education's proposed changes to its student loan disbursement rules, saying that the proposal is an attempt to regulate banks in a way that exceeds the department's statutory authority and hurts students.