Banking

The Bancorp's stock fell nearly 15% Friday after the Wilmington, Del., company reported a large quarterly loss tied to a bad commercial real estate loan.

The Cincinnati bank is looking to middle-market lending in the Charlotte area to fuel future expansion, CEO Greg Carmichael says. The timing may be right, given disruption from M&A, as well as the Wells Fargo scandal fallout.

The $11.2 billion-asset Banc of California said in a press release Friday that it sold the division the $4.4 billion-asset Hanmi. The companies did not disclose the price.

Samsung sees banking as a long game, and Samsung Pay is its first move. As mobile banking grows, the Korean electronics company believes financial services is ripe with opportunity.

Back in the black and looking increasingly healthy for the first time in a decade, First Mariner is poised to accelerate growth next year.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing: Paper becomes plastic; London cab payments rev up; India's e-commerce power; Android Pay gets personality.

What matters is what the customer gets, not how they get it. Investing in digital distribution yields little unless banks are delivering the products and services that customers crave.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

SourceMedia, the publisher of American Banker, has unveiled a major content and user experience upgrade to PaymentsSource, its flagship resource for the payments industry.

Santander Consumer USA Holdings in Dallas is expected to make a cash payment of about $115 million to its former chief executive, a payment that was prematurely recorded last year due to an error with its accounting.

The $381 million-asset company said its bank was no longer under a consent order with the Federal Deposit Insurance Corp. and the South Carolina State Board of Financial Institutions.

The world's third-largest bank has teamed up with the world's largest bitcoin company with a goal of devising a way to execute cross-border payments more quickly and efficiently. But that isn't all.

A market that some Ginnie Mae issuers tap to help finance their mortgage operations has a dwindling number of investors.

The group, known as First Boston Holdings, also plans to raise $100 million. The group said Admirals will be renamed Bank & Trust Company of Boston.

Small businesses hungry for financing will quickly ditch a banking relationship if they are unhappy, according to a new J.D. Power report.

Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million.

WASHINGTON — The Consumer Financial Protection Bureau sent letters Thursday to 44 mortgage lenders warning them of potential reporting violations related to their mortgage lending activities — infractions the bureau is increasingly pushing lenders to take seriously.

The cyberattack on internet service provider Dyn that shut down websites all over the world showed the dangers posed by internet-connected things. That includes many machines commonly used in offices and branches.

A financial report due out soon could reignite a battle over whether the Federal Housing Administration should again reduce its annual premium.

A report on women in the financial services industry illuminates some of the ways gender is still a factor holding them back. One problem is unstated ideas about qualities for success, which have been decided over decades by men. It seems that gender diversity initiatives aren't helping, but a couple of headhunters have some suggestions for how banks can do better and so does Debbie Matz. "Equity" screenwriter Amy Fox talks about what she learned from women on Wall Street, and the film is set to become the basis of a new ABC television series.