Banking

To understand this massive storm's impact, said Mississippi CU Association CEO Charles Elliott, "you must comprehend that people lost their past, their present and their future. For some, there was no evidence they ever existed."

Bank of America has settled a national class-action lawsuit brought by former employees who claimed they weren't paid for overtime work.

The market correction and likely longer timeline for a Fed rate rise have sent some overly optimistic investors to the door, and now prices are closer in line with the fundamentals. That's setting the stage for a bounceback in some of the biggest banks' stocks and may ease pressure on them coming into third-quarter earnings season.

Old-fashioned banks and neobanks are both finding the battle for acquiring customers to be treacherous. So BankMobile, a mobile-first banking service, has launched an innovation lab-like division seeking new tech that could attract thousands of new customers per month.

First Banks in St. Louis has promoted an executive to chief operating officer and has made two additional promotions.

Harvard Illinois Bancorp shareholders have approved an agreement to sell the company, a big step toward a plan to wind down operations.

As the Consumer Financial Protection Bureau finishes regulations dealing with mortgage data reporting, a similar set of requirements for small business loans is waiting in the wings.

A decision by the U.S. bankruptcy court in Delaware to approve Corinthian Colleges' liquidation plan ultimately could mean hundreds of thousands of students won’t have to repay their loans.

A Mississippi businessman, indicted in connection with bribes paid in exchange for prison contracts, made $198,000 between 2012 and 2014 as a lobbyist for the state’s payday loan and check cashing industries.

Ten years after Hurricane Katrina wreaked havoc along the Gulf Coast, many credit unions in the area appear to have rebounded, having learned some painful lessons along the way.

Union Federal Savings & Loan Association and First Federal Savings & Loan Association, two mutuals in Kewanee, Ill., have agreed to merge.

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 from our social media platforms.

In recent online focus groups, Federal Reserve researchers presented 44 small-business owners with basic information about a loan and asked them to estimate the interest rate. The business owners' responses were telling.

First NBC Bank Holding in New Orleans has agreed to raise its purchase price for State Investors Bancorp and has delayed the targeted completion date.

The 50 banks that earned a spot on our third annual ranking of the Best Banks to Work For take their fun seriously. Check out which banks made the list and take away some great ideas for creating a happier workplace of your own.

Premier Financial Bancorp in Huntington, W.Va., has received a $12 million loan from First Guaranty Bancshares in Hammond, La.

PayPal is increasing prices for thousands of small businesses as the company looks to maintain revenue growth and boost profit margins as a stand- alone business separate from EBay

Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.

Western Nebraska Bank in Curtis will buy a branch in Paxton, Neb., from Pony Express Community Bank.

The heavy costs of fixing broken trades and the need to become more efficient as trade settlement times shorten are driving Goldman Sachs, JPMorgan Chase and Morgan Stanley to invest in a reference-data utility.