Banking

SunTrust (STI) has opened a downtown Atlanta branch to test new bank technology concepts that could be used in other SunTrust branches nationwide.

Westbury Bancorp (WBB) in West Bend, Wis., intends to repurchase up to 250,000 of its issued and outstanding shares, or roughly 4.9% of its stock.

The investment bank has moved its annual banking conference to Denver after 16 years in Seattle, signaling its desire to do more bank deals in the central U.S. where M&A activity is expected to get busier.

World Cup visitors in Brazil who need a little cash might find themselves visiting one ATM - and then another, and then another.

Millennials know less about credit scores than other adult age groups, including which businesses use the scores and who collects information on which the scores are based, according to a new survey.

FICO has added Solution Stack, cloud and on-premises software, to its Decision Management Platform.

Republic Bancorp (RBCCA) of Louisville, Ky., announced Monday the merger of two of its subsidiaries: Republic Bank, a federally chartered savings association, and Republic Bank & Trust Co., a state-chartered commercial bank.

Sallie Mae's former loan-servicing business, spun off last week into an independent company called Navient, expects to pay up to $170 million to settle two federal investigations.

A look at four financial technology startups reveals major trends in the industry. Mobile applications, digital currencies, small data and alternative lending are all heating up.

BMO's changes to how it organizes treasury and corporate payments can help it streamline client sales and payments product bundling.

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JPMorgan Chase (JPM) said it will lay off more than 150 employees in its Garden City, N.Y., mortgage division, as part of a previously announced broader downsizing.

The Senate Banking Committee is said to be moving toward a vote on major housing finance reform legislation next week, but the effort is likely to attract no more than 13 votes, falling short of what would be needed to advance the bill to the Senate floor this year.

Former Citigroup Chairman Richard Parsons was named interim chief executive officer of the National Basketball Association's Los Angeles Clippers, whose owner has been banned from the league for making racist comments.

Banc of California (BANC) in Irvine, Calif., swung to a loss in the first quarter as expenses ballooned following its acquisition of the Private Bank of California

It's no longer enough to choose a vendor because it's a market leader. Regulators are now requiring banks to grade vendors based on the perceived risk to the bank if a vendor goes bust or can't do the job.

On Wednesday, the Federal Financial Institutions Examination Council announced plans for cybersecurity risk assessments of banks during a webinar.

Prepaid cards are an appealing market for small banks that want to retain and recruit customers, though bankers must consider potential regulatory and competitive risks before jumping into the business.

Atare Agbamu promised his elderly clients that reverse mortgages were regulated to protect them and their spouses and heirs. Then he came across a HUD letter to lenders indicating otherwise.

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