Banking

M&T Bank still can't get the Fed's blessing to buy Hudson City. The latest delay raises questions about Hudson City's fate and what could be going on internally at the Fed to keep the acquisition in limbo.

CBank in Cincinnati has agreed to buy Commercial Industrial Finance, a St. Louis equipment leasing and finance firm.

If a new FICO score is to succeed, it's going to have to impress the Al Engels of the world.

First-quarter earnings calls will rev up in the next week. Here are some community banks that could have a lot to say about M&A, compliance and cost cutting.

PRA Group, a Norfolk, Va.-based debt buyer, was named a Global M&A Deal of the Year recipient in the M&A Atlas Awards for last year's $1.3 billion acquisition of Norway-based Aktiv Kapital AS.

An Oklahoma tribe is fighting for the right to offer Connecticut consumers payday loans, arguing that state restrictions on its offerings of high-rate, short-term loans are financially damaging.

Banks are increasingly focusing on smartphones and tablets as the primary platforms with which to engage customers. But do they really understand how Americans use mobile devices?

Mortgage subservicers will need to do a lot more than subservice pretty soon, according to the head of the largest company in the field.

Hilltop Holdings in Lubbock, Texas, plans to issue $150 million in senior debt.

Congress should take the interests of small and midsize mortgage lenders into account as it weighs regulatory reform for community banks. Exempting smaller lenders from random CFPB audits would be a good start.

Bryn Mawr Bank in Bryn Mawr, Pa., has bought Robert J. McAllister Agency. The $2.2 billion-asset company did not say what it paid for the Philadelphia-area insurance and risk management agency.

Jacob Dienelt, a former financial adviser at Morgan Stanley, has joined Factom, a cryptocurrency tech startup, as its head treasurer.

Malicious software that blows past antivirus software undetected, combined with sophisticated social engineering (i.e. tricking employees of bank customers into divulging information), have enabled criminals to steal $500,000 to $1 million at a time, security experts say.

The shift in market composition is fueling concerns that if defaults rise, the Federal Housing Administration would have a harder time making lenders eat the losses on poorly underwritten loans.

A key deadline for anti-fraud card technology is prompting more retailers and banks to take a hard look at mobile payments platforms.

Merchants are making a new argument in their years-long battle with banks over swipe fees, saying Apple Pay has locked them out of additional routing options mandated by Dodd-Frank.

DNB Financial in Downington, Pa., has formed a business banking services division.

Millennials were rocked by the Great Recession and excessive student loan debt. Now older members of this generation are finally coming into their own — which means they're also getting mortgages, opening credit cards and saving for retirement.

The Center for Responsible Lending (CRL), in a recent study of payday lending in one state, found that nearly half of all borrowers default on a loan within their first two years of borrowing.

Marketers who helped promote an alleged home loan modification scheme will be banned from the mortgage relief and debt relief industries under a court settlement.