Banking

Diebold Inc. offered 1.57 billion euros ($1.8 billion) in cash and stock to acquire its German rival, Wincor Nixdorf AG, in a bid to create the biggest maker of cash machines and security systems with about $6 billion in sales.

Diebold Inc. offered 1.57 billion euros ($1.8 billion) in cash and stock to acquire its German rival, Wincor Nixdorf AG, in a bid to create the biggest maker of cash machines and security systems with about $6 billion in sales.

Even if Operation Choke Point officially ended, U.S. regulators have continued to apply the policy of threatening investigations and ruinous fines against banks that service "high-risk" customers in disfavored industries.

Communities First Financial in Fresno, Calif., has a new chief executive.

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.

Investar Holding in Baton Rouge, La., has made a series of changes to its executive ranks.

Acquisitions would seem to be a logical course of action for regional banks struggling to cut costs and boost revenues in the low interest rate environment, but some bank chief executives are less open to the idea than others as comments by the heads of First Horizon and SunTrust demonstrate.

General Electric plans to ask early next year for relief from heightened regulatory scrutiny, while its former credit card arm says that it won't be subject to the same stress-testing rules as most banks its size.

The agency's staff is already working on a new regulation that would easing access to capital, an issue that makes bankers very nervous.

Its massive core banking system overhaul complete, BBVA Compass can now focus on creating an AirBnB-like experience for customers, says CEO Manolo Sanchez.

BofI Holding in San Diego is poised to end a tumultuous week, after a lawsuit accusing it of lax controls sent investors scurrying.

Bankers are increasingly concerned that an optional cybersecurity assessment tool released by regulators this summer could soon become mandatory.

Citigroup has launched a unit in its global consumer bank dedicated to the development of its mobile banking services and promoted Heather Cox to be its CEO.

Consumer confidence in October remained flat amid concerns about slower growth in the labor market and across the broader economy.

Barclaycard and travel site priceline.com have extended their co-branding agreement, which means consumers can still get a credit card with pitchman William Shatner's face on it.

A proposed class-action lawsuit filed Wednesday accusing debt-buying giant Portfolio Recovery Associates of abusing U.S. courts by filing collection lawsuits against tens of thousands of consumers based on false affidavits.

Webster Financial in Waterbury, Conn., reported a higher third-quarter profit on growth in deposit and loan fees related to its acquisition of health savings accounts.

Sound growth plans, not quirks of geography, define this year’s class of community bank all-stars.

EMV card technology has fully replaced traditional magnetic stripe cards in virtually all developed countries except the U.S. In these markets, it's proven to be an effective technology to reduce fraud for card-present transactions, forcing fraudsters to migrate to areas that have not adopted a chip-based payment system.

SunTrust Banks in Atlanta reported a lower third-quarter profit, citing negative effects from the low interest rate environment.