Banking

Younger customers are there for the taking should Amazon, Google and PayPal ever court them for banking services. Banks can shore up these consumers' loyalty by leveraging trust and data advantages.

The lawsuit against a former county deputy clerk seeks to recover more than $75,000 in public funds she allegedly misappropriated before being fired.

Independent Bank Group (IBTX) in McKinney, Texas, is reportedly in talks to buy Houston Community Bank.

First Savings Bank of Perkasie in Pennsylvania has acquired investment advisor Longview Capital Management in Wilmington, Del.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

A national subprime auto lender will pay more than $5.5 million to settle charges that it used illegal tactics to service and collect consumers’ loans.

American Bancorporation was the first-ever bank holding company thrown into bankruptcy by the holders of its trust-preferred securities. Regulators may be able to avoid similar bankruptcies if more flexibility is shown in allowing holding companies to access capital to pay off creditors.

Eastern Virginia Bankshares (EVBS) said Thursday that it has agreed to acquire Virginia Company Bank (VGNA) for $9.2 million in stock and cash.

Check's technology, with Intuit's marketing budget behind it, could shape consumers' expectations of bill pay through their financial institutions and inspire entrepreneurs to cook up similar software to disintermediate banks.

A Republican-led congressional panel is accusing the Department of Justice of overstepping its legal authority and unfairly harming legitimate merchants as part of an investigation into fraudsters' use of the banking system.

Women need to stop stressing out about giving equal attention to personal and professional goals, Teresa Taylor writes in her latest book. Taylor, a director at First Interstate BancSystem, also advises women to be more aggressive with networking if they want to sit on more corporate boards.

The Center for Financial Services Innovation has announced it will receive millions of dollars from JPMorgan Chase's philanthropy unit to launch a new division that builds on the work the association has been doing for 10 years: identifying financial problems and cultivating technology that is designed to solve issues plaguing the majority of Americans.

Legal experts are becoming increasingly concerned that federal judges are questioning the right of a lender of secondary creditor to bid the full value of claims in Chapter 11 cases. For banks looking at bankruptcy, this development provides more encouragement to settle with certain debtholders before seeking legal protection.

Thomson Reuters, Fidelity Investments and Amazon.com are jointly launching a program called Fintech Sandbox to support technology startups aiming to serve the financial services industry.

Ally Bank CEO Barbara Yastine admits there’s a drawback to not having bricks and mortar — but it isn’t enough to make her regret not having branches under the Ally banner, which replaced the GMAC Bank brand five years ago this month. Yastine also discusses Know Your Customer standards and why the company is standing by its indirect auto finance model.

Citi (NYSE: C) has named a new head of its middle-market lending business.

The car title loan industry is poised to grow substantially if it's not covered by CFPB regulations on payday lending. But the bureau has not laid the groundwork for title lending rules in the same way it has for payday lending.

The city of Providence, R.I., has sued Santander Bank, alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.

The financial industry should focus on creating new methods of identification, authentication and privacy protection that ward off fraud while keeping consumer inconvenience to a minimum.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.