Banking

Intervest Bancshares in New York has officially exited the Troubled Asset Relief Program.

Foreign-born nationals with U.S. citizenship have a lot of positive attributes that make them attractive mortgage applicants. What's even better is that millions are still renters.

FIS, a banking technology and consulting company, has agreed to buy Clear2Pay, a payment processor, for approximately $493 million.

Jane Thompson, the former head of the financial services division at Wal-Mart Stores, has joined the board of OnDeck, a small business lending company in New York.

Edward J. DeMarco, who worked to shrink Fannie Mae (FNMA) and Freddie Mac (FMCC) as their U.S. overseer after the 2008 financial crisis, started a new job this week: senior fellow at the Milken Institute's Center for Financial Markets.

JPMorgan Chase & Co. (JPM)'s own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.

The reduced pricing for Discover's signature debit card network will apply to the more than 4,000 banks that are members of the American Bankers Association.

Lennar Homes and RBC Bank have formalized their unofficial agreement to help provide mortgages to Canadians buying homes in Southwest Florida.

Leaders of large community banks in the Southeast are keen on acquisitions, though their level of interest varies widely. Some, like Home BancShares in Arkansas, are eager to line up the next big deal. Others, including Bank of the Ozarks, seem content to steal lenders and open offices after several years of acquisitions.

CrossFirst Bank in Leawood, Kansas, has opened a new division to serve the oil, gas and energy markets and hired a team of five bankers with experience in this sector.

The Consumer Financial Protection Bureau issued a warning to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates.

Storing sensitive material on the Internet makes it a target for hackers, but the password gaming that appears to have been behind the theft of celebrities' photos could happen to any server, on or off the cloud.

Home Depot Inc.'s investigation of a suspected hacker attack is renewing pressure on retailers and credit-card providers to strengthen payment-system security.

Ronald R. Reed has resigned as chief executive of Citizens Independent Bancorp in Logan, Ohio, and its bank unit.

An internal review at Goodwill Industries has concluded that hackers accessed customer payments data through a vendor-related weak spot.

Balances on new cards are still below levels reported before the 2008 recession, despite an increase in open accounts.

Allowing branch workers to come up with handmade signs and offbeat contests can help banks increase both customer and employee engagement, according to consultant Dave Martin.

The federal government should stop paying private collection agencies to pursue defaulted student loans, according to a report released Wednesday.

Citigroup has agreed to sell its remaining 41 branches in Texas to BB&T, in an ongoing effort to trim its branch network.

For Apple, the timing couldn't be worse to launch a mobile wallet.