Banking

Quarterly profits plunged at Hudson City Bancorp in Paramus, N.J., last quarter as it awaits regulatory approval to be sold to M&T Bank.

First Commonwealth's quarterly profit more than doubled, largely because of significant improvement in credit quality.

EBay Inc.'s online ticket reselling unit StubHub was targeted by hackers who used stolen data to buy Elton John and Justin Timberlake tickets, Manhattan District Attorney Cyrus Vance Jr. said, as he announced six indictments in the case.

Online banking sites are as leaky as sieves, according to some researchers' tests. They are especially vulnerable to clickjacking.

CEO Joe Ficalora says the thrift has ways it can buy time to announce a transformative acquisition or benefit from a change in the definition of what it requires to be a systemically important institution. With OneWest off the table, industry observers wonder if the thrift can find the deal it’s been looking for.

Two federal agencies and 15 states have taken more than 40 actions against foreclosure relief operations, alleging the firms charged distressed borrowers millions of dollars in fees without following through on service.

The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.

Lower rates of return would require insurers to charge higher premiums or stop covering loans to borrowers with lower credit scores. (You know, the ones the government wants to help?)

The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.

Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners.

Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners.

A deal between two Massachusetts banks is expected to close ahead of schedule after the selling bank's shareholders approved it Tuesday.

UMB Financial in Kansas City, Mo., relied on strong investment-services and other fees to boost earnings last quarter.

The Department of Veterans Affairs' residual income test would give lenders more confidence to make riskier loans, according to an Urban Institute study.

Chemical Financial's profits surged in the second quarter compared to last year, due to strong loan growth and fewer chargeoffs.

Flagstar Bancorp in Troy, Mich., reported quarterly earnings that significantly surpassed Wall Street's expectations.

Shares of Fulton Financial fell early Wednesday after the Lancaster, Pa., company reported second-quarter results that missed expectations.

The Target data breach last year, which exposed the data of up to 110 million cardholders, reigns as the largest security lapse of the past 12 months. But this year has seen at least five other noteworthy cases of card data theft, all targeting retailers.

A text message spammer and his company settled federal charges of sending millions of text messages and trolling for personal financial information.