Banking

Former President Bill Clinton addressed a crowd of thousands of Southern California kids Sunday at the largest-ever gathering for financial literacy education.

Bay Commercial Bank in Walnut Creek, Calif., has stepped in to outbid a rival to buy Valley Community Bank in Pleasanton, Calif.

Prime brokerage clients (read hedge funds) are the latest kind of customer being cut loose by banks as they curtail business with parties deemed high risk. Other banks are being careful about the castoffs they recruit, and nonbank brokers are on the rise.

The National Credit Union Administration claims a Deutsche Bank unit was negligent as a trustee overseeing mortgage-backed securities and played a role in the failure of five corporate credit unions.

Regulators are expecting financial institutions to provide detailed modeling of deposits and ever-greater documentation in the next round of stress tests, bankers and consultants say.

The Treasury Department and its anti-money laundering unit find themselves on the defensive as bankers say they're cutting ties with entire business sectors as a result of blunt enforcement efforts.

WASHINGTON — The National Credit Union Administration on Monday joined a growing queue of angry investors suing Deutsche Bank National Trust Co.

U.S. Postal Service employee and customer data may have been compromised in a computer hack that lasted at least seven-and-a-half months, the agency said.

The bottom line at Solera National Bancorp in Lakewood, Colo., improved from a year earlier, though losses persisted amid management upheaval.

NCR's updating its NCR Silver point of sale system to support Bitcoin transactions as retailer acceptance of virtual currency starts to accelerate.

Fannie Mae executives are confident they can responsibly administer a new 3% down payment program to ensure it's an effective tool for increasing access to credit.

Ambitious Renasant Corp. in Mississippi is still billions of dollars away from a key regulatory threshold of $10 billion in assets, but it's getting ready now for the demands that come with growing that large. Two of its top executives explain why.

As the Consumer Financial Protection Bureau prepares to write nationwide rules for payday lending, a Colorado experiment is proving instructive.

The Supreme Court has agreed to consider a case related to the use of disparate impact theory to charge organizations with discrimination under the Fair Housing Act. The case highlights a key problem with current interpretation of the statute: it ignores a basic statistical pattern that makes it hard to determine which practices would produce a better outcome for protected groups.

A large activist investor has given an early vote of confidence to Malvern Bancorp's new chief executive, while backing off of demands that the Paoli, Pa., company sell itself.

Florida Attorney General Pam Bondi’s office has sued Consumer Collection Advocates Corp. and Michael Robert Ettus, principal, for allegedly targeting consumers who were victims of previous frauds or scams.

Shaza Andersen recently sent out a companywide email stating that employees who don't deposit their paychecks into a WashingtonFirst account will soon be required to pick up paper checks — from her office.

The Office of the Comptroller of the Currency closed Frontier Bank FSB in Palm Desert, Calif.

The two credit-card issuers, which have become far more reliant on retail deposits in recent years, are offering assurances that the money will not flee when interest rates rise.

WASHINGTON — Policymakers should consider changing rules that limit the amount of debt that holding companies can carry in order to exempt more community banks from the restrictions, a senior Federal Reserve Board official said Friday.