Banking

The state of Delaware is looking to avoid prescriptive regulations when it comes to supervising blockhain companies, but instead be mindful of how the industry actually works, Gov. Jack Markell said Monday.

With an improving economy, higher-quality originations and declining delinquencies, the market for mortgage servicing rights is catching fire.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

As smartphone-carrying baby boomers retire, banks can no longer ignore seniors' unique digital banking needs.

Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.

The U.S. Department of Education has changed the student loan default rates at 21 colleges to allow them to continue receiving federal funding.

The industry "as a whole" benefits from tech investments at megabanks, says Manuel Chinea, chief operating officer at Popular Community Bank. Big banks have taught consumers how to use new mobile features – and small banks can use that knowledge to their advantage, as they roll out new products.

The state of Delaware is looking to avoid prescriptive regulations when it comes to supervising blockhain companies, but instead be mindful of how the industry actually works, Gov. Jack Markell said Monday.

Varo Money, a mobile-only startup that focuses on financial health, announced Monday it has raised more than $27 million. The global private equity firm Warburg Pincus led the round.

Old National Bancorp in Evansville, Ind., will exit the insurance business after selling those operations to Prime Risk Partners.

Pacific Premier Bancorp in Irvine, Calif., is planning to close three California branches.

One of the most innovative banks has joined a trade group that represents the nascent blockchain and digital currency industry.

Digital Identity Security Co., a startup, is building an encrypted messaging and identity management platform for the Commonwealth governments. The system would use distributed ledger technology, similar to bitcoin's blockchain.

When state and federal regulators closed Trust Company Bank in Memphis, Tenn., on Friday, it was only the second U.S. bank failure this year.

JPMorgan Chase shareholders should support a proposal to consider an independent chairman, proxy adviser Glass Lewis & Co. said.

Royal Bank of Canada named Jefferies Group's Michael Armstrong as head of its U.S. wealth-management business.

Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.

PNC recently held an API Fest where it asked its employees to pitch customer innovation ideas. With the move, PNC joins a growing number of U.S. banks embracing the possibility that open APIs offer.

The Bancorp in Wilmington, Del., swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws.

A federal appeals court case challenging the constitutionality of the Consumer Financial Protection Bureau is raising concerns that if the agency loses, it could open the floodgates for a flurry of other lawsuits against the CFPB.