Retail & Commercial

Now the pressure is on banks to develop creative new products and services and work harder to show their value.

CAMAS, Wash. – Lacamas Community CU said this morning its new branch in nearby Andreson will feature customized ATMs from Diebold that feature deposit automation and so-called concierge services that allow members to bypass teller lines while providing more time for credit union staff to help members with more advanced financial service needs.

Fannie Mae, the mortgage financier seized by U.S. regulators in 2008, will pay the Treasury Department $10.2 billion after reporting its sixth consecutive quarterly profit on continued recovery in the housing market.

JPMorgan Chase (JPM) said it's under federal criminal investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.

First Citizens Bancshares (FCNCA) turned stronger credit quality, higher mortgage income and lower foreclosure costs into a 17% gain in profits last quarter.

First M&F (FMFC) in Kosciusko, Miss., revised its second-quarter results, turning previously reported earnings into a loss.

JPMorgan Chase (JPM) said the Justice Department concluded the firm broke federal laws while handling mortgage-backed securities.

Kentucky First Federal Bancorp (KFFB) in Hazard has received regulatory approval to pay a 10-cent dividend to its public shareholders.

Pressure is mounting for bank regulators to dial back pending mortgage rules after President Obama said he's worried the housing market could become too constrained by "overlapping regulations."

A federal judge ruled that bitcoins are “a currency or form of money” and therefore subject to relevant U.S. laws in a case against a Texas man accused of creating a fraudulent Bitcoin hedge fund.