Banking

SunTrust Banks (STI) has agreed to pay as much as $320 million to settle an investigation into its administration of Home Affordable Modification Program loans.

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SunTrust agreed to pay as much as $320 million to resolve federal allegations it mishandled applicants for mortgage modifications.

Bank of America (BAC) has donated more than 240 homes in Florida to military veterans, including three who received Purple Hearts.

Investar Holding (ISTR) in Baton Rouge, La., raised more than $40 million from its initial public offering.

TFS Financial announced dividend plans recently that have many wondering whether it is headed toward a second-step conversion in the near future. The speculation makes sense, but the Cleveland company would face some obstacles.

Capital One has snatched a designer from Google's touted advanced technology and projects team to help boost the bank's mobile commerce and payments technology development.

As interest rates rise and loans become more likely to stay on the books, more banks may show up on the buy side of the market for mortgage servicing rights

UMB Financial (UMBF) in Kansas City, Mo., will settle a dispute over an asset purchase agreement.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Throughout Europe and Asia in particular, ATMs are being used to distribute an increasingly wide array of financial and non-financial products and services.

The total number of new bank-issued credit cards in Q1 is 11.3 million, a six-year high and an increase of 17.2% from the year-ago period, according to the latest Equifax National Consumer Credit Trends Report.

Savings Bank of Danbury and Greylock Federal Credit Union are working with Fiserv and the University of Connecticut to examine how Millennials interface with mobile banking.

In the banking world, branches came first and ATMs came later to streamline the experience. But in the Bitcoin world, ATMs came first with limited features, and the ATM makers are working hard to add the sort of services that one might find in a mainstream bank branch.

Complaints filed with the Consumer Financial Protection Bureau, along with most consumer statute lawsuit filings, dropped in May.

MBT Financial (MBTF) in Monroe, Mich., has been freed from a consent order under which it had been operating for the last four years.

Sun Bancorp (SNBC) in Mount Laurel, N.J., will eliminate nearly 40% of its work force as part of a major cost-cutting effort.

Disney has found success with wearable technology thanks in no small part to its efforts to educate and motivate customers about its MagicBand wristbands.

JPMorgan Chase Chief Executive Jamie Dimon has no shortage of detractors. But the public response to his cancer diagnosis has been surprisingly—and reassuringly—civil.

Throughout Europe and Asia in particular, ATMs are being used to distribute an increasingly wide array of financial and non-financial products and services. This is in sharp contrast to the U.S., where most advanced ATMs offer the same set of banking-related features.