Banking

A new report reveals that an estimated 12 million Americans choose payday loans each day to avoid outcomes like long-term debt but that the average loan requires a repayment of more than $400 in two weeks, when the average borrower can only afford $50.

The Account Control Technology Foundation, a non-profit, charitable foundation established by the founders of Account Control Technology Inc., has announced the 50 winners of its college scholarships for 2014.

KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.

MidFirst Bank in Oklahoma City said Thursday that it will purchase Steele Street Bank & Trust in Denver, Colo.

The latest Pew report shows consumers are still in the dark on overdraft fees, and it says that they pay too much when they have insufficient funds. The advocacy group is again calling for more regulatory reforms.

Metro Bancorp, once an aspiring acquirer, is fielding complaints from a trio of investment firms that believe management is incapable of meaningfully improving the company's performance.

The Pittsburgh bank held a topping-out party at its fancy new downtown headquarters this week, and Chairman and CEO William Demchak welcomed back his recent predecessor, James Rohr, with a combination of praise and humor.

A community-banking organization on Wednesday told a House Agriculture Committee subcommittee that credit is plentiful for America’s farmers and ranchers and is being provided at rates near historically low levels.

While 96% of parents still see the value of a college education, 85% are very or somewhat worried that student loan debt will affect their child’s ability to buy a home, car or other large purchase after college.

Midtier banks desperate for earnings growth will have to wait until interest rates rise, a report from Fitch Ratings says.

NEW YORK - Attorney General Eric T. Schneiderman's office on Thursday announced the arrest of Sonia Vertucci, 42, of New Rochelle, N.Y., for falsely promising a range of services to predominately immigrant clients and collecting more than $38,000 in cash payments.

The security threats out there are almost infinite. At what point can boards, CEOs and security staff feel they've done all they can to protect their banks?

Canadian Imperial Bank of Commerce, known for infighting when picking its leader, is considering breaking a century of banking tradition by looking for an outsider instead. Shareholders are wary of the uncertainty.

New York Attorney General Eric Schneiderman has filed a complaint alleging Barclays PLC (Barclays) has deceived electronic trading investors.

Bank of America (BAC) plans to lay off 540 more mortgage employees in Charlotte, N.C.

The ATM maker Diebold is buying encryption technology company Cryptera to enhance its portfolio in automated teller machine security.

The long-awaited rebound in credit card loans has arrived, fueled by looser credit standards and a larger appetite for debt among U.S. households.

Westfield Bank is planning to expand its commercial lending presence in western Massachusetts.

The ATM maker Diebold is buying encryption technology company Cryptera to enhance its portfolio in automated teller machine security.

Insurance executive Kenneth Shapiro on the new parallels between insurance and banking.