Banking

Some cyber-risk insurance policies could prove insufficient in the event of large-scale attack.

Elizabeth Buse, a former Visa executive who left the card network this year after a 16-year career with the company, has been named co-CEO of Monitise Group.

About 25,000 people around the world are being paid in Bitcoin on a regular basis by posting content on Women's Annex, a blogging platform predominantly focused on Afghanistan, and its parent site Film Annex.

National Penn Bancshares (NPBC) in Allentown, Pa., has agreed to buy TF Financial (THRD) in Newtown, Pa. The $8.6 billion-asset National Penn will pay $138 million in cash and stock for the $846 million-asset TF Financial.

Old National Bancorp (ONB) in Evansville, Ind., has agreed to buy LSB Financial (LSBI) in Lafayette, Ind. The $9.6 billion-asset Old National will pay about $67 million, or $41.67 a share, in cash and stock for the $366 million-asset LSB.

Jim Smith, head of the digital channels group at Wells Fargo, recently set up an internal lab to study uses of data science to drive customer experience, prevent fraud and develop customer insights.

Most banks say they listen to the customer, but Jim Simpson at City Bank Texas directly studies comments made in call centers and branches for clues to the next mobile banking app features.

Independent Bank Group (IBTX) in McKinney, Texas, plans to file a shelf registration that would allow it to sell up to $250 million in debt and equity securities.

Californians picked Republican Neel Kashkari, a political newcomer who ran the federal bailout of the U.S. banking system, to challenge incumbent Democrat Jerry Brown for governor in November.

Sometimes touted as a competitive advantage in the branch wars, the coin-counting kiosk is headed to the scrap heap at one of the nation's largest banks, Capital One Financial.

Capital One Financial (COF) has consolidated its commercial real estate lending units, in an attempt to further integrate Beech Street Capital, the multifamily mortgage firm it acquired last year.

They look great on paper, but mergers of equals are always difficult to integrate due to cultural issues. United Financial in Glastonbury, Conn., is learning that lesson with Jeff Sullivan's departure less than six weeks after the company's merger with Rockville Financial.

Subprime auto lender Consumer Portfolio Services has agreed to pay more than $5.5 million to settle government allegations that it used illegal tactics in the servicing and collection of loans.

Capital One's decision to ditch coin-counting machines from its Washington-area branches is either a brilliant move to save money, or is a surefire way to anger customers who like the convenience of using the machines. It has stimulated surprising debate in an electronic age, but it's all about attempts to redefine the bank branch.

A reduction in mortgage rates has boosted Home Affordable Refinance Program refinancings, according to non-bank servicer Walter Investment Management Corp.

Bitcoin entrepreneur Erik Voorhees will pay more than $50,000 to settle charges by the Securities and Exchange Commission that he failed to register a stock offering.

Astoria Financial has shifted its attention away from residential mortgages to becoming a full-service bank that offers business banking and commercial real estate loans.

Visa Inc. Chief Financial Officer Byron H. Pollitt Jr., who joined the biggest bank-card network the year before its 2008 IPO, will retire within the next 12 months.

Bank of the Carolinas (BCAR) in Mocksville, N.C., has significantly increased its number of authorized shares at it looks to meet capital requirements tied to a regulatory order.