Banking

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.

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.