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Debt-buying giant PRA Group on Wednesday reported strong first-quarter gains.

Sanders Goes After Big Banks; What's Jamie Dimon Worth?

Ocwen Financial failed a test to determine whether it had notified borrowers of missing or incomplete documents for loan modifications in a timely manner, according to the national mortgage settlement monitor.

Internal Revenue Service examiners are conducting bank-like exams of virtual currency firms for possible anti-money laundering violations, Financial Crime Enforcement Network Director Jennifer Shasky Calvery said May 6.

Since fraud liability shifts to the least compliant party after the network-mandated EMV migration dates, it is critical that financial institutions migrate all channels, including ATMs.

Four former officers of Wilmington Trust have been charged with fraud by the Securities and Exchange Commission, which accused the bankers of intentionally understating past-due loans in 2009 and 2010. Two of the bankers face criminal charges.

Farmers Capital Bank in Frankfort, Ky., will repurchase the rest of its outstanding preferred stock.

While the penalty is a blow to Ripple Labs, it could have significant implications for the industry at large and its efforts to legitimize itself in the eyes of regulators and banks. Here's how:

InComm, a provider of prepaid gift cards, is working with Credit Suisse Group AG and Deutsche Bank AG on a 2015 initial public offering or sale that may value it at as much as $3 billion, people with knowledge of the matter said.

QCR Holdings in Moline, Ill., will sell 2.8 million shares in a public offering.