Banking

National Penn Bancshares in Allentown, Pa., plans to raise $100 million through a debt offering.

Citizens Financial Group, a U.S. subsidiary of Royal Bank of Scotland Group Plc, is seeking a valuation of as much as $14 billion as it enters the final stages of an initial public offering.

Alliance Data Systems announced what it described as a long-term agreement to issue credit cards for the Midwestern grocery store chain Meijer.

A conservative housing critic and liberal consumer advocate have created a 15-year home loan for low-income borrowers to build more equity.

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The $2.5 billion-asset QCR said in a press release Friday that the new company will include the mortgage staff from its Quad City Bank & Trust.

WASHINGTON — Several trade groups representing Federal Home Loan bank members are urging a federal regulator to extend the comment period on a controversial proposal to change the system’s membership requirements.

Banc of California has announced extensive community reinvestment goals as part of its planned purchase of 20 Banco Popular branches in Southern California. The agreement, which appeased a community group that had opposed the sale, shows how much power such organizations wield when it comes to M&A.

Ted Strauss, a Dallas entrepreneur who helped establish two of the city's most-prominent banks, died Friday morning.

Citigroup's sale of nearly all its remaining Texas branches looks to be the last of its major branch reductions for awhile, as the downsizing campaign has helped enhance revenue prospects and contain costs.

Community banks are fighting a plan unveiled by the Federal Housing Finance Agency that would force many banks and thrifts to maintain at least 10% of their assets in the form of home loans or mortgage-backed securities.

The income gap between wealthy and average consumers in the U.S. is growing while overall debt held by consumers dropped, according to the Federal Reserve's September survey on consumer finances.

First National Bank of Omaha is preparing to host its second hackathon to foster new ideas — and relationships with coders who could end up working from the bank.

Camden Fine at the Independent Community Bankers of America believes entrepreneurial bankers will return to starting new banks in the latter half of this decade as the industry adjusts to the new business conditions and as consolidation creates voids.

Apple Inc. will add new security features after the accounts of celebrities using its services were hacked and photographs of them were posted on the Internet.

Today's hackers are "extremely sophisticated" and banks need to work hard to keep pace with their methods of attack, warns James Sills, who recently left his job as chief information officer for the state of Delaware to become CEO of a small bank in North Carolina.

Bankers criticize credit unions' tax-exempt status because they fear they are losing ground to member-owned financial cooperatives, writes the Credit Union National Association's Bill Hampel.

A class-action settlement resolving claims that Bank of America violated the Telephone Consumer Protection Act received a federal district court's final approval - with some changes. The dollar amount, while large, is less than half of a recent record case involving Capital One.

While the average debt among Canadians increased when compared to the same quarter last year, the national delinquency rate reached its lowest level since 2008.

As hackers pierced JPMorgan Chase & Co.'s defenses in June, the bank's cybersecurity chief was just getting acquainted with his employer and its sprawling technology infrastructure.