Banking

Bank of America Chief Executive Brian Moynihan gets to keep his chairman's title but still faces a major capital plan deadline in just a week and then will have to sort through the fallout from what has been a challenging third quarter for the entire industry.

Although new HMDA data shows no negative effects from CFPB mortgage rules that went into effect last year, industry representatives argue it isn't showing the full picture.

Circle Internet Financial, the Bitcoin services company and wallet provider, has become the first company to receive a BitLicense from the New York State Department of Financial Services.

New York's regulation of Bitcoin businesses is "still not perfect," a Circle Internet Financial executive says, but it didn't want to pull its services from the state as some have.

While Congress has been unable to pass housing finance reform, Fannie Mae and Freddie Mac have done a good job of adhering to some of the spirit of recent bipartisan legislation, according to Mark Zandi, chief economist at Moody's Analytics.

CommonBond has expanded its student loan refinancing program to more than 2,000 universities at the graduate and undergraduate levels.

A number of state banking associations held their annual conferences in posh out-of-state locations this year as executives show a greater willingness to make travel plans.

Chile's Banco de Credito e Inversiones has received regulatory approval to acquire City National Bank of Florida, more than two years after the deal was announced.

Today, American Banker and BAI begin rolling out our annual FinTech Forward rankings of the top 100 technology providers to U.S. banks.

WASHINGTON — The number of mortgage originations dropped 31% to 6 million in 2014 due largely to a decline in refinancing as interest rates increased, according to a report issued Tuesday by the Federal Financial Institutions Examination Council.

The Consumer Financial Protection Bureau on Monday finalized several changes to its mortgage rules to help promote responsible lending by small creditors, particularly in rural and underserved areas.

Bank of America shareholders voted Tuesday to allow Brian Moynihan to keep his dual titles of chairman and chief executive, with 63% of votes cast in favor of Moynihan.

Despite pledges last year to move "aggressively" to implement new credit scoring models at the government-sponsored enterprises, the Federal Housing Finance Agency's effort appears to have stalled.

Contrary to the CFPB’s paternalistic claims, most payday loan borrowers are aware that it may take them more than two weeks to repay the credit they take out.

First Midwest Bancorp in Itasca, Ill., has agreed to buy Peoples' Bank of Arlington Heights in Illinois.

Consumer litigation is going through some wild swings in 2015, according to the latest lawsuit numbers from U.S. district courts, but all key comparisons are tracking ahead of last year.

With Beth Mooney in charge, KeyCorp has emerged as one of the industry's top regional banking companies while becoming a model for workplace diversity.

With 25 years of experience as a small-bank CEO, Laurie Stewart has emerged as a leading advocate for community banking in her home state and nationwide.

Having aced the challenges she faced in 2014, Diane D'Erasmo was rewarded with a new position overseeing HSBC's business with core industries in key growth markets.

When the Japanese-owned bank was undergoing an exhaustive review of its operations, senior executives gave Wendy Breuder perhaps the daunting task: identifying cost savings across six business lines spanning eight countries. She more than delivered.