Retail & Commercial

By poaching Ruth Porat from Morgan Stanley, it's clear Google wants to forge closer relationships with banks. That's because banks hold the key to helping Google expand its Google Wallet mobile-payments product.

American Savings Bank in Honolulu has agreed to a proposed $2 million settlement in a class-action lawsuit tied to its overdraft fees on debit card and ATM transactions.

There are a lot of consumer, investor and regulatory complaints about how the nonbank servicing firm does business, but Morgan Stanley researchers offer reasons why certain investors and borrowers could benefit from sticking with Ocwen.

Lendio, an online lending marketplace for small business, raised $20.5 million of equity capital in a recently completed funding round.

Investors expected rates to increase last year. When they didn't, it showed up everywhere: stock prices, earnings estimates and banks' decisions to sell or go public. In a wide-ranging interview, KBW CEO Thomas Michaud reflects on what turned out to be a good year for M&A, what is driving deals and his firm's role in bringing companies together.

If you thought the subprime mortgage-backed security was an artifact of the past, think again. Nomura Holdings and Angel Oak Capital have a deal that may help revive the part of the market that went bust during the crisis. Their success could encourage more banks to dip their toes back into riskier mortgages.

Federal regulators on Tuesday pushed back against the perception that they are cracking down harder on Bank Secrecy Act violations, saying they have not made recent changes to the rules or how they enforce them.

WASHINGTON — House Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced a vote for Thursday of 11 bills aimed at lessening regulatory burden on banks by changing aspects of the Dodd-Frank Act and associated regulations.

Ally Financial, the auto lender rescued by the U.S. government during the 2008 financial crisis, promoted Diane Morais to chief executive officer of the banking unit as Jeffrey Brown reshapes management.

The ruling means that customers could be at risk for not reviewing bank statements carefully and then failing to notify their bank of an error in a timely manner.