Banking

Large corporations, like consumers, want faster access to their money. But the legacy systems at most banks continue to make this goal difficult, if not impossible, to achieve, say thought leaders at this week's Sibos technology conference.

Kristen Albert, a supervisor at a Massachusetts collection agency, took the stand in a murder trial on Tuesday.

Capital One's new Capital One Wallet is a cardholder app for Apple's devices that uses an Android-like pattern-recognition feature for authentication.

Bank of America has launched a new offering that allows companies to make payments to their customers without checks.

A lawsuit filed Wednesday by New York Attorney General Eric T. Schneiderman's office accuses two law firms and their lead attorney of participating in a fraudulent mortgage rescue scheme.

First Farmers Financial in Converse, Ind., has agreed to buy three community banks in Illinois.

Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.

CNB in Centreville, Md., has named Edward Allen president and chief executive, following the resignation of its current CEO, F. Winfield Trice.

The CFPB's lawsuit against an Atlanta-area debt collector could open the door to litigation against banks for their role in the process of pursuing debts against consumers who do not owe anything.

Kristen Albert, a supervisor at a Massachusetts collection agency, took the stand in a murder trial on Tuesday.

Lenders desperately want to make potentially lucrative home loans to those with less-than-stellar credit, but only a few are willing to try given legal uncertainties. Here's how a few are designing their products to get a jump on the competition.

Qiwi, a payment services company based in Moscow, has added self-serve kiosks in JSC Tander convenience stores across Russia.

Doral Financial in San Juan, Puerto Rico, has sold more loans in a move that will deplete capital but bolster the company's liquidity.

Western Union has added self-serve money transfer kiosks in Walgreens stores across the country.

Manufactured-home owners often pay higher interest rates for their loans than borrowers whose homes were built onsite, according to a report released Wednesday

FITCHBURG, Mass. — Workers' CU here is giving more than $2.5 million back to its members for the second consecutive year.

Doral Financial said the Federal Deposit Insurance Corp. has found it to be "significantly undercapitalized" and is requiring the company fix the problem immediately.

As the industry turns to online-only banking and partnerships with third-party retail distributors, it's getting harder to use geographical boundaries to define the communities that banks serve. That's why the CRA needs an update.

JPMorgan Chase lost a bid to block buyers of $10 billion worth of residential mortgage-backed securities it packaged in 2007 to proceed as a group with their lawsuit alleging the bank misled them.

HSBC Bank USA is expanding its loan program for small and midsize businesses that seek global growth.