Banking

Regions Financial (RF) and MCG Capital (MCGC) have accused a Dallas securities firm of participating in a fraud that cost the two lenders millions of dollars in losses.

The company's management team is confident it can build off a beachhead, making its case by referencing past forays into Baton Rouge, La., and Houston.

Before regulators go any further, they should open a public dialogue to make sure they don't do a lot more harm by eliminating the few lenders that remain.

PNC Financial Services Group Inc., the second-largest U.S. regional bank, is expanding its commercial banking services in Canada.

Scenario-based planning is one of several services SunTrust is making available to mass-affluent and high-net-worth clients. The launch comes at a time when banks see an opportunity to tailor personal financial management services to affluent clients in spite of low general adoption .

The most loyal and engaged shoppers are the ones who still pick private label cards, a new study says.

The head of a small Atlanta credit union used a negative situation, the Target data breach's impact on her customers, to score PR points. More big banks should think and act this creatively in crises.

The Community Home Lenders Association is concerned the high fees will be more of a drag on home purchase volume as interest rates rise.

U.S. households took on debt at a faster clip in the fourth quarter than at any time in seven years, but credit quality measures continued to improve, according to economic reports issued Tuesday by the Federal Reserve Bank of New York and other sources.

Keith Wilton previously served as an executive vice president at Santa Barbara Bank & Trust, which is now owned by UnionBanCal. Before that, he was president of the specialty finance group at Greater Bay Bancorp, which was sold to Wells Fargo (WFC) in 2007.

An investment firm in North Carolina has raised its stake in Republic First Bancorp (FRBK) in Philadelphia.

The recent refinance boom sent record profits flowing to the mortgage technology developer, which charges for its products and services by the number of loans that lenders close.

Mergers and acquisitions have gained steam in early 2014. Here is a rundown of the whole-bank deals, shedding of noncore businesses and swapping of securities so far this year.

Home Federal Savings Bank in Rochester, Minn., has been freed from a supervisory agreement with the Office of the Comptroller of the Currency.

Vibra Bank in Chula Vista, Calif., has hired a president and chief executive.

A South Dakota lawmaker has proposed a bill he hopes the state's legislature will pass to put restrictions on short-term payday loans.

First Financial Holdings (SCBT) in Columbia, S.C., is planning to change its name for the second time in as many years.

CVB Financial (CVBF) in Ontario, Calif., has agreed to buy America Bancshares in Newport Beach, Calif.

Bangkok Bank Public Co. Ltd. hopes to take advantage of Thailand's easy financial infrastructure to enable a number of new payment options, such as cross-institutional person-to-person payments made from a mobile phone or an ATM.