Banking

DebtX, on behalf of SEBA Professional Services LLC, will sell a $4.8 billion portfolio of non-performing residential loans in June for the U.S. Department of Housing and Urban Development.

First Savings Bank (FSFG) in Clarksville, Ind., is switching charters as part of a broader plan to expand its commercial banking business.

Toronto-Dominion Bank and Royal Bank of Canada, the country's two largest lenders by assets, posted second-quarter results that beat analysts' estimates as gains from consumer banking and wealth management lifted earnings.

Banks have tried to change tellers' skill sets without changing the type of people they hire. They need to recruit sales-minded employees — and incentivize them with better pay and clearer career paths.

New York banking regulator Benjamin Lawsky said Wednesday his office will investigate claims that Ocwen Financial Corp. (OCN) and other servicers require distressed borrowers to sign nondisclosure agreements in order to receive mortgage modifications.

Hampton Roads Bankshares (HMPR) is launching a marine financing unit for its subsidiary Shore Bank.

M&T Bank (MTB) of Buffalo, N.Y., has committed $60 million to keep its name atop the Baltimore Ravens' football stadium for at least another 13 years.

Jumio Inc. has formed the Bitcoin Identity Security Open Network (Bison) to enable its clients to share fraud trend data.

Wellesley Bancorp (WEBK) in Wellesley, Mass., has appointed Ralph Letner as chief lending officer and senior vice president of its bank subsidiary.

Fannie Mae cut its forecast of industrywide home purchase lending for 2014 to $710 billion from $732 billion, underscoring the housing industry's struggles despite overall positive signs for the economy.

Three big banks on Wednesday announced new community investment initiatives.

Bankers and consultants report that the technology challenges of dealing with regulators' stress tests are greater than they first appeared.

Bankers, technology executives and other experts weigh in on why financial companies are struggling to deploy the massive amounts of information they collect on their customers – and what they can do to improve.

Citigroup now lets smartphone-equipped customers check their credit card balances, check deposits and recent transactions on a mobile device without having to log into the bank's app.

The people behind a Southern California-based debt collection operation also will pay $4 million to settle the case against them.

Before the FSOC or other agencies start to impose capital requirements on nonbank financial companies, let's make sure we understand the business models and the risks that these firms actually take.

A task force of state and federal authorities set up in 2012 to probe the mortgage-bond sales that fueled the financial crisis has "more than a dozen ongoing investigations," Michael P. Stephens, the acting inspector general for the Federal Housing Finance Agency, said.

American Banker's Index of Banking Activity posted its second-highest reading in March, buoyed by renewed consumer demand, better weather and banker optimism.

Eight community banks have transferred their shares to a new trading platform operated by OTC Markets Group in a bid to increase visibility for their stocks.

The First Bancorp (FNLC) in Damariscotta, Maine, announced that its chief executive is retiring early next year and will be replaced by its chief operating officer.