Banking

Freddie Mac is growing its single-family business and taking market share from its fellow government-sponsored enterprise Fannie Mae.

Wells Fargo and Live Oak Bank were the top lenders in the Small Business Administration's 7(a) loan program, helping lead the agency program to its most successful fiscal year.

Soltra Edge promises to let financial institutions react to cyberthreats in milliseconds — without human intervention — by translating bankers' warnings from plain English into a format that security software can read.

Banks are not closing branches fast enough to keep up with the exodus to online banking. The percentage of branches with low transaction volume is on the rise, according to a new study. Bankers say they are on the case, but there are obstacles to simply hanging a "closed" sign on the front door.

It has been three months since Bankwell Financial's CEO left abruptly. Some observers say it might make sense for Bankwell — and others in a similar spot — to consider selling while no change-of-control payout is involved.

The U.K. Financial Conduct Authority is preparing to levy fines ranging from 225 million pounds ($358 million) to 250 million pounds against six banks in the first settlements in a global probe into currency manipulation allegations.

Beneficial Bancorp in Philadelphia could raise as much as $633 million through its second-step conversion.

Narayan Bharadwaj, the former general manager and head of mortgage technology vendor Wipro Gallagher Solutions, will serve as president and chief operating officer of the newly created professional services division of document preparation vendor DocuTech.

Lack of diversity in the sales force is one of several nagging issues underlying mortgage lenders' concerns about tepid home sales.

Tucker, Albin and Associates Inc., a Richardson, Texas-based commercial debt recovery firm, has been certified by the Commercial Law League of America (CLLA).

As bitcoins become more popular, banks should consider the credit risks associated with borrowers who own digital currencies and take steps to mitigate potential pitfalls.

Executives at The Intelitech Group and eBureau will lead a session Friday at ACA International's Fall Forum & Expo at the Hyatt Regency in San Francisco.

City leaders in Charleston, W.Va. hope to recover an estimated $3.1 million in delinquent fees by publishing the names of the largest offenders on the city's website.

Credit Union Journal teamed up with Best Companies Group to develop a ranking of the best credit unions to work for. These CUs offer creative incentive plans, engage their employees in decision-making, provide perks designed to improve health and wellness, and create regular outlets for fun and games. Here's at look at those who do it best.

U.S. asset manager Fortress Investment Group and Italy's Prelios, a real estate group, are expected to jointly purchase UCCMB, the debt collection unit of UniCredit, Italy's largest bank by assets.

Opus Bank in Irvine, Calif., has signed a lease to open its first banking office in Oregon.

Most customers who go into bank branches aren't in the mood to entertain a forceful sales pitch. But if they're pleased with the service they receive, they'll be a lot more willing to learn more about a bank's additional offerings.

Freddie Mac will return $2.8 billion to the Treasury Department next month, bringing its total payments to about $20 billion above what it got in aid after the 2008 credit crisis.

A court in Puerto Rico court has affirmed its decision that Doral Financial is entitled to a $230 million tax refund from the territory's Treasury Department.

The Massachusetts Division of Banks plans to hold a public hearing today on proposed changes to state lending regulations.