Banking

Diebold has launched a mobile-enabled, self-checkout concept based on its automated teller machine systems.

The inventory of homes in foreclosure fell in November to the lowest level since November 2007, according to a report from CoreLogic, a global property information company.

Peter Humphrey, who stepped down as Financial Institutions’ CEO in 2012, said he supports a push by activist investor Clover Partners to force the company to find a buyer. Humphrey left the company’s board in 2014.

Four Oaks Fincorp in Four Oaks, N.C., has refinanced $11.5 million in subordinated debt.

The former assistant director of the Consumer Financial Protection Bureau has taken a job as a senior official with the Department of Education.

The physical branch network is not dead, but to ensure its viability banks need to get serious about trimming it down and combining branches with digital channels.

Prediction markets are the opposite of "yes men" — they're designed to induce experts to show what they really think. Could large banks, among the most siloed, opaque and politicized organizations around, use internal prediction markets to learn hard truths?

JPMorgan Chase & Co., the biggest U.S. bank, said fourth-quarter profit rose 10 percent as expenses from litigation and employee compensation shrank.

Bitcoin’s history is a fascinating story unparalleled in the worlds of tech and finance for its colorful characters, mystery and intrigue.

Nine former officers and directors accused of hiding problems at Superior Bank in Birmingham, Ala., will pay more than $1 million in penalties as part of settlements with the Securities and Exchange Commission.

The Department of Housing and Urban Development has rejected a nonprofit housing group's allegations of racial discrimination against U.S. Bank. HUD found that the bank properly maintain foreclosed homes in predominantly black and Hispanic neighborhoods and in some cases spent more rehabilitating the homes than in white areas.

BankUnited of Miami Lakes, Fla., has exited the retail mortgage origination channel. It originated loans through its retail banking branches in Florida and New York.

American National Bankshares in Danville, Va., has named Cathy Liles its chief accounting officer.

Even without a change in federal law, banks can manage the risks associated with the marijuana business, argues a former federal bank examiner who now works in the cannabis industry.

Middlesex Savings Bank in Natick, Mass., has promoted a senior banker to chief commercial credit officer.

U.S. lawmakers called for federal investigations into Clayton Homes, the mobile-home business at Warren Buffett's Berkshire Hathaway, after the Seattle Times and BuzzFeed News wrote that the company targeted minority borrowers and charged them higher interest rates on average than whites.

Independent mortgage lenders are expecting a wave of consolidation prompted by excessive compliance costs, a tepid housing recovery and the need for more capital to grow their businesses. Roughly 20% to 25% of independent companies could be eliminated or change hands in less than two years.

Loading mobile wallets at the ATM is one of several ways Andy Mattes, CEO of Diebold, envisions consumers using their smartphones alongside cash machines.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

PayPal Holdings has named the head of a cryptocurrency firm to its board.