Banking

Elizabeth Warren is proposing to allow outstanding student loan borrowers to enjoy low rates by removing certain tax advantages for the wealthy.

Midstate Bancorp in Baltimore has filed paperwork to sell up to $34.4 million in stock as part of a planned conversion to a stock company. Sandler O'Neill is assisting with the offering.

Bill Ackman, who runs the $15 billion Pershing Square Capital Management LP, said that Fannie Mae (FMCC) and Freddie Mac will probably soar because there's no way to replace the mortgage guarantee companies.

Wayne Griest, Continental's chief executive, once worked with Bryn Mawr's CEO at another institution. That familiarity came in handy as the two banks began discussing the potential of a merger.

Wells Fargo (WFC) and American Express (AXP) launched two new products on Tuesday: the Propel 365 and Propel World credit cards.

The New York company has emerged from a regulatory order with a stated goal of branching out from a longtime focus on commercial real estate by adding specialty-lending lines. Now management is looking to leverage a huge cash buffer and strong deposit base.

Huntington Bank updated its mobile app Tuesday to let on-the-go customers check their balances without needing to enter in their user names and passwords.

Thanks to redevelopment efforts in the once-neglected downtown areas of Buffalo, Detroit and other cities, banks are seeing improvements to their bottom lines. Banks and developers credit a federal historic tax credit program for the results.

Homeowners who dealt with a single person at their mortgage servicer were twice as likely to get a loan modification and half as likely to be denied one, according to a Fannie Mae study.

Organic loan growth propelled the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended March 31.

With 10 closed deals in the Accounts Receivables Management and Revenue Cycle Management industries in Q1, the global M&A market is off to a strong start in 2014, according to a new report.

A technology executive at JPMorgan has been named chief information officer at the Online Computer Learning Center, a nonprofit computer library service and research organization.

JPMorgan Chase Chief Executive Officer Jamie Dimon sees challenges from companies such as Facebook and Google as they seek to provide online banking and money-sending services.

Read alone, a recent report from the CFPB might suggest that arbitration clauses in banking contracts could disadvantage consumers, but it was only a preliminary look that failed to paint a complete picture of arbitration's costs and benefits.

The Texas Attorney General's office reports that a new scam involving people pretending to be investigators with the office has victimized at least 200 people, each who recently applied online for a small loan.

UMB Financial (UMBF) in Kansas City, Mo., has agreed to buy the corporate trust business of RCB Bank in Claremore, Okla.

American Express Co. is ready for its new small business program, OptBlue, to take the spotlight after several months of testing and a soft launch with acquirers.

Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.

CEO John Chen is pitching the company's server software as the most secure environment around for mobile devices. Is it too little, too late?

First Mid-Illinois Bancshares (FMBH) in Mattoon, Ill., has received approval from the Nasdaq Stock Market to list its common stock on the Nasdaq Global Market.