Cathay General Bancorp in Los Angeles has added a former KPMG consultant to its board.

David Greiner has resigned as president and chief executive of Tri-Valley Bank in San Ramon, Calif., and has been replaced by the bank's chairman, Arnold Grisham.

Acquirers and processors are giving greater attention to the hardware-security module used to protect card data while transactions are processed.

Citizens Financial Group Inc. in Providence, R.I., is eliminating underutilized branches and laying off dozens of employees across its 12-state market area as part of a broader effort to trim overhead and improve efficiency.

While B of A nips and tucks as it struggles to meet new capital requirements, JPMorgan Chase bemoans the severity of the rules from a position of relative strength, and hints at the rationale for the behemoths to dismantle themselves.

SILVERDALE, Wash. -- Navy FCU is moving its flagship branch here and is leaving its leased quarters for a credit union-owned 7,600-square-foot building.

WASHINGTON — Regulators closed a bank in Louisiana, and another in Iowa, late Friday to bring the year’s failure total to 90.

Wells Fargo & Co., Bank of America Corp. and other large lenders are fleeing the reverse mortgage industry, leaving specialty lenders with more business than they know what to do with.

The appeals court ruling against MERS that caused the GSEs and the Department of Housing and Urban Development to reinitiate foreclosures on more than 1,600 Michigan properties was overturned by the state's highest court this week.

The Barclays unit in charge of U.S. bank deals has overcome adversity, from the Lehman Brothers collapse in 2008 to the defection of some important talent last year, and worked on some of the notable deals of the year.

Addressing the home mortgage meltdown, Congressman Scott Garrett recently introduced legislation that is, as American Banker put it, "designed to draw the private sector back to the secondary-mortgage market after the troubled GSEs are terminated."

Banks, the FDIC, and insurers are set to fight over whether the vague terms of director & officer liability insurance put insurers on the hook for FDIC claims against failed bank execs.

Regulators will eventually release banks from the penalty box of formal enforcement actions. For now, banks can expect informal agreements to serve as a provisional step to freedom.

Shouldn't it be a given that an agency staffed with green examiners and tasked with enforcing new rules will communicate with banks before slapping them with regulatory orders?

Brad Dinsmore and Jerome Lienhard will assume the duties of C.T. Hill, who worked four decades at the Atlanta company and some of its forerunners.

In a new paper, Karen Shaw Petrou, a leading financial services analyst, outlines flaws with new capital and liquidity requirements, and offers policymakers a way to simplify the process.

WASHINGTON — Consumer advocates are calling on the Consumer Financial Protection Bureau to provide greater protections for prepaid debit card accounts.

Hampton Roads Bankshares Inc. in Norfolk, Va., has named a special assets executive, Denny P. Cobb, chief credit officer for one of its banking units.

The hotel industry successfully introduced "resort fees." The airlines gradually added baggage-handling fees. Cell phone and cable TV marketers steadily increase fees for expanding services. But when banks tried to introduce a $5 monthly debit fee, consumers revolted.

PayPal has developed an application for making person-to-person payments over Facebook.