Location Root Tag

Some banks are set to get a fourth-quarter earnings boost from their MSR portfolios, thanks to a sudden spike in yields on Treasury bonds. Add to that the prospect of further rate hikes and the potential dismantling of Basel III, and more banks could be encouraged to re-enter the servicing business.

CIT Group in Livingston, N.J., has promoted Steve Solk to president of consumer banking in California.

NewDominion Bank created a new slogan and marketing campaign to target younger prospects and newcomers to Charlotte, N.C. Only time will tell if the effort will succeed and help the bank survive on its own.

Heritage Oaks Bancorp in Paso Robles, Calif., has been freed from a consent order tied to Bank Secrecy Act and anti-money-laundering compliance.

Ant Financial’s attempt to add a social-network function to China’s biggest payments platform has backfired.

For its commitment to improving the long-term health of depositors, and a nimble, failure-is-not-a-dirty-word approach to innovation, USAA has earned an honor American Banker normally bestows on a single individual.

Opus Bank in Irvine, Calif., has hired a veteran risk manager to structure senior debt for commercial and specialty banking.

Glen Burnie Bancorp in Maryland has announced an executive departure for the second time in three months.

First Bancorp in Damariscotta, Maine, has repurchased warrants it sold to the Treasury Department under the Troubled Asset Relief Program.

EverBank Financial's biggest investor is cashing out ahead of the Jacksonville, Fla., company's sale to TIAA.

Apple Inc. scored a victory in the global battle to control the future of mobile payment technology after the Australian competition regulator refused to grant a group of local banks permission to negotiate collectively over the introduction of Apple Pay.

A request by the IRS for user data from a bitcoin exchange highlights simmering tensions between compliance and customer privacy for financial institutions and will test how those demands are balanced in the young field of cryptocurrency.

The growth of China’s fintech scene is providing a less developed financial market with much-needed updates. But those improvements also serve as a stepping stone to bring Chinese fintech players to Western markets.

Texas Capital Bancshares in Dallas is planning to raise more than $225 million from a stock offering.

The largest shareholder at HopFed Bancorp in Hopkinsville, Ky., is calling on the company's president and chief executive to resign.

Ohio Legacy in North Canton viewed FirstMerit’s sale to Huntington as a motivator find a buyer of its own. It turned to United Community, an institution it had talked to on two other occasions.

IBM Southeast Employee Credit Union in Delray Beach, Fla., has reportedly filed an application to buy Mackinac Savings Bank in Boynton Beach, Fla.

Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.

Citizens Building and Loan in Greer, S.C., will have a new president and chief executive next year.

Recent deals highlight the rush by Europe’s time-honored insurers to get in on the technology that’s changing financial services on Wall Street.