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.

Opus Bank (OPB) in Irvine, Calif., is turning its health care banking into a national operation.

The regulator of Fannie Mae and Freddie Mac (FMCC) will conduct a series of town-hall events to convince hundreds of thousands of U.S. borrowers with little or no equity in their homes to refinance.

A Houston collection agency and its president and sole shareholder agreed to a federal court order and $4 million penalty for bullying consumers into paying debts and unnecessary fees.

The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.

City National Bank in Los Angeles has agreed to sell its retirement services business to OneAmerica, an insurance and asset management firm.

A recent court ruling affirms that customers can be held responsible in cases of wire transfer fraud. But banks aren’t off the hook.

Is misogynistic behavior keeping women out of the Bitcoin community?

Fannie Mae and Freddie Mac suffered "significant financial harm" from "excessively priced" force-placed insurance, an inspector general's report says, advising their regulator to assess whether to sue banks and insurers for damages.