Banking

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.

Consumers in the market for new banks will find the most affordable options in the Midwest and South, according to a study from GoBankingRates.

United Bank of Glastonbury, Conn., has hired three experienced former Bank of America mortgage bankers in West Springfield, Mass.

Historical patterns of human innovation suggest that the ever-expanding array of payment technologies will eventually hit a wall. Some of today’s most prominent payments platforms may not survive the next cycle.

Research found the Ditech name still resonates with consumers after a five-year absence from the market, the lender says, though this incarnation won't be originating nonprime loans.

Telephone Consumer Protection Act lawsuits in April overtook Fair Credit Reporting Act legislation as the number two largest category behind Fair Debt Collection Practices Act cases.

The payment processing company Total System Services Inc. (TSS) said on Tuesday that it has hired a new global chief procurement officer.

Square has launched Square Capital, a credit program for small business, joining a growing number of companies breaking into small-business lending.

Simmons First National (SFNC) in Pine Bluff, Ark., has agreed to buy Liberty Bancshares in Springfield, Mo.

Philadelphia collected more than $45 million in back property taxes during the first four months of the year and cut the number of tax delinquent properties by an estimated 30,000, 25% down from the previous year, records show.

Square has launched Square Capital, a credit program for small business, joining a growing number of companies breaking into small-business lending.

First Horizon National (FHN) in Memphis, Tenn., has agreed to buy 13 branches from Bank of America (BAC).

Citigroup Inc. Chief Financial Officer John Gerspach said second-quarter trading revenue could be down 20 percent to 25 percent from year-earlier levels in a market he described as "becalmed."

Bank of New York Mellon Corp., the world's largest custody bank, expects to record an after-tax charge of about $100 million in the second quarter linked to administrative errors in certain funds it manage

MasterCard Inc. plans to help its cardholders address issues that arise from identity theft, while also extending its zero liability policy to include PIN-based and ATM transactions.

UBS Wealth Management Americas, an arm of Switzerland's largest bank, has joined the growing list of lenders in the United States gunning for mortgage volume through the wealth management channel.

A consolidated exam force could give state regulators access to federal resources without undermining the dual banking system.

The fleet card provider WEX Inc. has extended its contract to provide private-label and fleet card services for Phillips 66.

Poage Bankshares (PBSK) has fended off a proxy challenge from activist investor Joseph Stilwell.

Regulators are cracking down on third-party relationship risk. Some vendors say they've got this covered, others say it’s changing their business.