Banking

Santander Holdings USA entered into a written agreement with the Federal Reserve Bank of Boston about managing capital payments after one of its units issued an unauthorized dividend.

Small-bank executives sounded off this week about battling regulators, credit unions, big banks and each other at a FIG Partners conference in Atlanta.

Americans are still looking for the same fundamental services from their banks. It's their expectations of convenience and accessibility that have changed — and that's where digital offerings should come in.

For the third year in a row, employees of various credit unions across the country spent 24 straight hours trying to come up with the next great financial technology offering.

City officials hope to soon devise a plan that will help recover the money, including presumably out-of-statute debts.

Old Second Bancorp in Aurora, Ill., said Wednesday that its chief executive officer, William Skoglund, will retire at the end of this year. He will be succeeded by James Eccher, the company's chief operating officer.

Green Dot plans to acquire Santa Barbara Tax Products Group for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers.

For a company that operates a computer network that 1.7 billion people come into contact with each month, CloudFlare keeps a low profile. Now the security startup's new product may raise its prominence among banks faced with mounting cyberattacks.

DirectCash Payments has agreed to acquire Exeatm's ATM business in Australia for about $15.7 million.

The multifamily housing sector is likely to remain healthy thanks to favorable demographics — but the apartment market is almost certainly past peak for this cycle.

Hudson City Bancorp continues to reorganize its management team and board following the death of chairman and chief executive officer Ronald Hermance on Sept. 11.

Consumer default rates rose slightly in August, reversing a downward trend, according to the latest S&P/Experian Consumer Credit Default Indices.

Costco Wholesale Corp., the largest U.S. warehouse-club chain, will stop accepting all American Express Co. cards in Canada on Jan. 1.

Sen. Elizabeth Warren (D-Mass.) promised Wednesday to keep pushing for student loan legislation after a bill allowing borrowers to refinance their debts failed to come up for a vote this week.

Regulators have terminated an agreement with Preferred Bank in Los Angeles that required improvements to its data-security system.

The Consumer Financial Protection Bureau has taken a sweeping approach in using its authority to propose supervision of the largest nonbank auto lenders, unveiling a plan that would effectively cover 90% of the market.

Citizens Financial Group in Providence, R.I., has upgraded its education refinance loan product to enable college graduates to refinance federal student loans in addition to private student loans.

Prosperity Bancshares and Hancock Holding knew they would lose significant interchange income when they hit the $10 billion mark, but they were not quite ready for the increased regulatory scrutiny that came with that growth.

During a wide-ranging discussion of the economy and regulation, Wells Fargo CEO John Stumpf cited several factors that were harming the housing market. His comments came the same day the White House hosted a meeting on the topic.

Regulators, advocacy groups and attorneys general are paying close attention to how banks market to and serve different racial and economic groups. There are several things banks can do to protect themselves when putting together a strategic plan.