Banking

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Broadway Financial in Los Angeles plans to raise nearly $10 million through a private placement.

Mitch Feiger, CEO of MB Financial, along with Mark Hoppe, former Taylor CEO, reflect on the merger, the regulatory environment and keeping key people happy in the highly competitive Chicago market.

If the Apple Watch catapults wearable computers into the mainstream, as some observers expect, banks will be tasked to reimagine the way they provide financial services features to their customers.

Nonagency mortgage securitization has fallen well short of forecasts this year, as commercial banks bid up for loans to put on their balance sheets. But the fourth quarter could offer this moribund market a chance at redemption.

Doral Financial Corp. (DRL), the holding company for Puerto Rico's No. 2 mortgage lender, may soon find out whether a San Juan judge agrees it's owed a $229.9 million tax refund the government has refused to pay.

As regulators emphasize the importance of data integrity, chief data officers need to consider new strategies to ensure that all bank employees are on the same page about improving information quality.

Two companies allegedly violated the FTC Act and grossed more than $11 million through a diploma mill scheme, according to a complaint.

Collection company USCB Inc. agreed to pay $2.75 million to settle a Telephone Consumer Protection Act class action lawsuit.

The Pittsfield, Mass., bank was honored for a television commercial that features the voice of Connecticut women's basketball coach Geno Auriemma.

People's United Financial in Bridgeport, Conn., has successfully recruited a former executive at JPMorgan Chase to join its board.

Comerica Bank and San Diego County Credit Union have battled in recent years to claim the Guinness World Record for "Most Paper Collected in 24 hours."

Capital One Financial Corp. and MasterCard Inc. struck a deal with Costco Wholesale Corp. in Canada to issue a co-branded credit card when the retailer's contract with American Express Co. ends this year.

Though Home Depot's recent data breach compromised 56 million payment cards, more than the 40 million in Target's incident, the company isn't predicting a hit to revenue.

Albina Community Bancorp in Portland, Ore., has filed for bankruptcy.

Mint, a personal finance platform, has added support for the Touch ID fingerprint recognition technology built into iOS 8-enabled Apple devices.

The purchase of Santa Barbara Tax Products Group is the latest move by the prepaid card pioneer designed to lessen its dependence on retail giant Wal-Mart.

At least two mortgage servicers say they are close to being released from an OCC enforcement order that required 14 of the nation’s largest bank servicers to fix flaws in their foreclosure reviews. But the OCC says it has set no timetable for freeing any of the banks from the 2011 order.

The old taboo against loan purchases is being quietly broken, as small and regional banks with excess liquidity chase higher yields and find a common interest with banks that need to drain some assets.

In marketing, deciding on a strategy is the easy part. The challenge involves figuring out if it's working. PNC Financial, Regions and other companies at a recent conference discussed how to know if a bank getting a good return on its marketing dollars.