Banking

A risk-based approach to anti-money-laundering rules would allow regulators to be sure mobile transactions are being screened for suspicious activity without hindering the technology's potential to do social good.

Metro Bancorp in Harrisburg, Pa., which has been under pressure from several investors, is taking steps to improve earnings and shareholder returns.

Before regulators require the country's largest banks to take on more burdensome regulations, they need to reconsider the parameters used to assess the threat of systemic risk.

Sunshine Bancorp in Plant City, Fla., has hired a former executive at Susquehanna Bancshares in Lititz, Pa., as its chief executive.

Sears Holdings Corp.'s Kmart discount chain said it will provide customers with free credit monitoring as it investigates a computer-hacker breach detected last week.

County and Municipal Employees Credit Union in Edinburg, Texas, has been liquidated by the Texas Credit Union Department.

Wells Fargo, the world's most valuable bank, posted a third-quarter profit that matched analysts' estimates as mortgage banking revenue fell from the previous three-month period.

Wintrust Financial in Rosemont, Ill., has agreed to buy Delavan Bancshares in Wisconsin.

Citigroup, the third-biggest U.S. bank, said profit rose 6.6% as bond-trading revenue climbed and lending improved.

Citigroup said Tuesday that it plans to exit consumer businesses in 12 countries.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, swung to a third-quarter profit from a year earlier as a surprise gain in fixed-income trading helped boost revenue and legal costs narrowed.

Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials.

Doral Financial in San Juan, Puerto Rico, has prevailed in its court battle with the territory's Treasury Department over a substantial tax refund.

Anchor Bancorp Wisconsin in Madison is planning to raise up to $8.3 million from an upcoming initial public offering.

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WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.

Malvern Bancorp in Paoli, Pa., has entered into a formal written agreement with the Office of the Comptroller of the Currency.

United Community Bancorp in Lawrenceburg, Ind., said on Friday that William Ritzmann has been appointed chairman of the company and its bank.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the biggest U.S. bank will probably double its $250 million annual computer-security budget within the next five years.

The Federal Deposit Insurance Corp. has reached a settlement with former executives at the failed LandMark Bank of Florida.