Banking

Franklin Financial agreed to be sold less than a year after issues surfaced in its portfolio of shared national credits.

While most banks are shrinking their branch networks, the Cincinnati bank is approaching the day where its branch expansion in the Southeast will more than offset closings in its legacy markets, its CEO says.

Users of the challenger bank's app can automatically save money over the course of a month to cover their mobile charges.

The new group should look at protecting consumer data and how nonprime financial consumers are treated through new regulations.

Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors.

Eric Smith and Michael Morton have been brought on as vice chairs to help build out the Chicago bank's commercial lending arm.

Citi, Goldman chiefs say they won’t be pressured to stop financing companies based on carbon footprint; Vodafone bolts from Facebook’s digital currency project.

The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn.

The company will pay $29 million for Virginia Bank Bankshares.

For small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.

As lending slows, new tools could help credit unions expand opportunities to make loans to would-be borrowers they might not otherwise consider.

The Dallas bank’s troubled energy loans reached a nearly two-year high as crude prices plummeted.

While the New York bank has a handle on deposit pricing, Joseph DePaolo said a new accounting standard will play tricks with how it addresses credit quality.

U.S. Rep. Carolyn Maloney (D-N.Y.) has called on the National Credit Union Administration to halt all sales and foreclosures of taxi medallion loans it obtained following the liquidation of several New York-area credit unions with high concentrations of delinquent medallion loans.

After a decline, fraud has recently spiked. But there are measures companies can take to stay ahead of the crooks, says Nvoicepay's Alyssa Callahan.

Modernizing the bank’s app and digital-banking experience won’t necessarily result in Citigroup needing fewer people in its retail bank, CEO Michael Corbat said.

Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information.

Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year.

Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, explains the design theory behind the new app.

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.