Banking

City National Bank (CYN) in Los Angeles opened an office in Daytona Beach, Fla., that will target clients in the entertainment, sports and motorsports industries.

Tim Hortons and the Canadian Imperial Bank of Commerce have begun offering an interactive credit card that can change its funding source at the push of a button.

Idaho's Payday Loan Act, designed to dictate how much payday lenders can give borrowers, went into effect Tuesday.

NASHVILLE, Tenn. and LOUISVILLE, Ky. — The Tennessee Department of Financial Institutions gave the nod to the proposed merger of Kentucky Corporate Credit Union and Volunteer Corporate Credit Union, the final step toward completing the union, VolCorp reported.

Venture capitalist Tim Draper has been identified as the single winning bidder for a cache of bitcoins at a U.S. government auction, part of a larger pool of the virtual currency seized from the Silk Road website.

QCR Holdings (QCRH) in Moline, Ill., has exited the Small Business Lending Fund.

MobileIron on Tuesday unveiled software called Mobile Insight that's meant to give IT staff the ability to manage a company's employees' mobile devices from a mobile app.

These firms beat out dozens of others for the right to present their stories to bank technology executives. All made good impressions, but none more so than a firm that developed a technology that helps banks reduce the risk in their derivatives portfolios.

T-Mobile USA Inc. was charged Tuesday with making hundreds of millions of dollars by placing charges on phone bills for purported "premium" subscriptions that, in many cases, were bogus charges and never authorized by customers.

United Bancshares (UBOH) in Columbus Grove, Ohio, has agreed to buy Ohio State Bank in Marion.

The Fed also hit Taylor with a cease-and-desist order and a $3.5 million civil money penalty for its ties to an financial aid firm. Still, industry observers were impressed that deal is still on track.

FMB Bancshares in Georgia has become the second banking company to get pulled into involuntary bankruptcy after defaulting on trust-preferred dividends. Meanwhile, BNY Mellon is taking steps that could make it easier for more investors to force banks into bankruptcy.

Univest Corporation of Pennsylvania (UVSP) in Soudertown has purchased Sterner Insurance Associates in Coopersburg, Pa.

Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they can charge borrowers significantly higher interest rates. But legal risks remain.

Regulators have ordered Community 1st Bank Las Vegas in New Mexico to appoint a new chief executive and clean up its loan portfolio.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

Lengthening loan terms are cause for concern because they open lenders up to potentially larger losses if loans sour. But low delinquency rates on car loans suggest that such fears may be exaggerated.

Online electronics retailer Newegg has begun accepting Bitcoin in response to demand from its customer base.

A U.S. district court has halted a Georgia-based operation from using threats and lies to collect $3.5 million in phantom payday loan "debts" that consumers didn’t owe.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.