Banking

The Federal Deposit Insurance Corp. in August issued eight consent orders and one civil money penalty, according to its latest monthly roundup of enforcement actions released Friday.

The "Bash" bug is more dangerous than Heartbleed, because it exists in a lot more places and can be used to do greater harm. Here's what bankers need to know to protect their IT infrastructures.

Tory Nixon played defense for San Francisco's famed NFL team in some of its glory years, but now he's on offense, seeking to build out commercial lending and retail operations in Northern California for California Bank & Trust.

Great Western Bancorp in Sioux Falls, S.D., could sell up to $100 million shares of its stock during its planned initial public offering.

Columbia University's Rare Book & Manuscript Library is now the keeper of ledgers, meetings minutes and correspondence covering the years in which The Clearing House Association helped steer the country's banking system through financial turmoil.

The U.K. Financial Conduct Authority isn't planning individual fines on foreign-exchange traders as the regulator nears settlements with the banks they work for, said two people with knowledge of the discussions.

Apple has a high-profile name and knack for revolutionizing the markets in which it operates. But consumer confusion over a myriad of mobile payment options and technologies may be a stumbling block for Apple Pay.

More community banks are looking to outsource their mortgage operations to reduce the regulatory burden, but structuring such deals — and determining proper compensation — can be tricky. Here's how two Chicago-area lenders solved the problem.

FleetCor Technologies is providing outsourcing services for Shell fuel cards in Germany.

The National Association of Retail Collection Attorneys has responded to the Consumer Financial Protection Bureau's proposal to make consumer narratives public.

Hudson City Bancorp in Paramus, N.J., has sold $112.1 million in delinquent, FHA-backed mortgages.

Bank of America's recent mortgage settlement with the DOJ includes a number of striking admissions about its underwriting and origination process in the run-up to the financial crisis. These facts may provide banks and correspondent lenders facing buyback demands with a fresh line of defense.

More than half of the value of B2B receivables 90 days or more overdue were written off as uncollectable by businesses in the U.S., Canada, Mexico and Brazil, according to the latest Atradius survey of B2B suppliers in those countries.

LANSING, Mich. — Lake Trust Credit Union is set to relocate its headquarters to Brighton, Mich., about 45 miles to the east, but it's the CU's planned new corporate facilities that some observers say could have lasting implications on how other credit unions design their management offices.

WICHITA, Kan. — At Meritrust CU here, the two branches overseen by Sara Carver are something of a study in contrasts.

CLAMONT, Del. — Transforming one location of Eagle One FCU here has transformed branch traffic as well.

The U.S. government has joined an array of researchers warning of a security flaw that could allow hackers to access devices ranging from computers to video cameras and steal data.

First Republic Bank in San Francisco expects its four-quarter average assets to reach $50 billion late next year.

BNC Bancorp in High Point, N.C., is planning to issue $60 million in subordinated notes to pay off a loan from another bank.

First Busey in Champaign, Ill., has agreed to buy Herget Financial in Pekin, Ill.