Banking

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.

Banks and card networks like Visa and MasterCard are working with wireless carriers to cut down on fraudulent transactions by tying purchases to the location of a shopper's smartphone.

BancorpSouth (BXS) in Tupelo, Miss., has named a new president as part of a broader redesign of its management structure by Chief Executive Dan Rollins.

Wells Fargo and the online lingerie store True&Co have something in common: both are using analytics to improve the customer experience.

Simmons First National (SFNC) in Pine Bluff, Ark., must sell one branch as part of its acquisition of Delta Trust & Banking in Little Rock, Ark.

The Supreme Court ruled against Fifth Third Bancorp (FITB) in a lawsuit filed by employees claiming the bank mismanaged their retirement investments.

The Federal Reserve said Regions Bank will pay a $46 million misconduct penalty for incorrectly identifying and reporting nonperforming loans and that three former employees will be sanctioned while avoiding prosecution.

A growing number of community banks are adopting bank-owned life insurance as a way to counter shrinking loan margins and diminished returns on other investments. BOLI can also help banks that are trying to meet higher capital requirements.

The House Financial Services Committee remains divided, largely along party lines, over whether to renew the charter of the Export-Import Bank of the United States.

The Federal Financial Institutions Examination Council has launched a new web page that aggregates cybersecurity information.

Intuit has added PayByCoin, a free extension for QuickBooks Online that allows business owners to accept Bitcoin.

U.S. Bancorp (USB) in Minneapolis has hired a president and chief executive for its asset management subsidiary.

CIT Bank has agreed to buy Direct Capital in Portsmouth, N.H., in an effort to expand in lending to small and midsize businesses.