Banking

Get out of the red six months from now. That is Fred Viaud's goal for Glen Rock Savings Bank in New Jersey, which on Tuesday said he would be promoted to president and CEO next week.

It's unclear how the new political environment will affect the platform's viability or how investors will view the securities issued on it. The next year could determine the project's success and role reshaping the secondary mortgage market.

Banks have used biometrics for about a decade, but there are a number of hurdles that banks, device makers and customers need to overcome before passwords are history.

The Obama administration has been actively seeking loan payments from thousands of former students eligible for a debt-forgiveness program.

The new year will bring risk in marketplace lending, but progress will be made in micropayments platforms and regulators embracing innovators.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Facial recognition in fast food; two-factor authentication showdown; Amazon's growing cloud.

American Banker is pleased to bring you Breaking Banks, hosted by Brett King, and featuring the editors of American Banker.

The Treasury Department has significantly reduced its stake in Broadway Financial in Los Angeles.

A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — believed to have originated in China — is reportedly the subject of an FBI investigation.

Dime Community Bancshares in Brooklyn, N.Y., said Friday that it has promoted Roberto Volino to chief operating officer.

United Community Bancorp in Lawrenceburg, Ind., has named a new chief financial officer.

Congress wants to put federal flood program on sounder financial footing, encourage the development of private flood insurance market and stop the insanity of rebuilding properties subject to repetitive flooding.

Stephen Gordon has long been known as an entrepreneurial banker, which helped him expand his California bank aggressively over a five-year period. A spike in chargeoffs that led to a third-quarter loss spurred Gordon to beef up credit oversight. The question is whether that effort will stymie loan growth.

Highlands Bancorp in Vernon, N.J., has raised $8.5 million through a sale of common stock.

American Banker predicted these five bankers would make news. Several delivered, mostly with small, strategic deals and finding ways to make money in spite of challenging conditions.

Since technology is so ingrained in every aspect of banking, some say the idea of looking at tech spending as a stand-alone budget item is antiquated.

Regions Financial President and CEO Grayson Hall and the CEO of a Miami bank have been elected to the board of the Federal Reserve Bank of Atlanta.

The case against Fannie Mae and Freddie Mac is stronger than the argument for their survival.

Add Investar Holding in Baton Rouge, La., to the growing list of community banks filing shelf registrations.

The Department of Justice is criticizing an appeals court ruling striking down the Consumer Financial Protection Bureau's single-director structure, saying the decision overstepped Supreme Court precedent.