Banking

The former bank analyst is striking out on his own after shutting down an investment firm he co-founded with banker Vernon Hill.

High-tech credit cards have often been a tough sell because of their cost and complexity, but two companies are pushing two very different approaches that they hope hold enough appeal to consumers to outweigh the up to $100 fee for the cardholder.

GSE regulator says Fannie and Freddie are responsible for monitoring servicers.

There are plenty of reasons why small banks may be reluctant to amp up their social media presence. But this week's bad weather illustrates how these platforms can provide a real value-add.

Douglas Biddle has succeeded Denise Portmann as CFO at Bank of the Pacific, the $705 million-asset company said in a press release Thursday.

First Trust in New Orleans has been freed from a written agreement with the Federal Reserve Board.

North Shore Bank in Peabody, Mass., has agreed to merge with Saugusbank in Saugus, Mass.

Peoples Financial Services in Scranton, Pa., reported a fourth-quarter loss tied to its merger with Penseco Financial Services. The $1.7 billion-asset company lost $2.8 million in the quarter, compared to Penseco's $2.7 million in profit a year earlier.

A Tampa homeowner is suing Bank of America (BAC) and U.S. Bancorp (USB), claiming that the banks delayed processing his mortgage payments in order to earn extra interest for themselves.

United Bancorp in Martins Ferry, Ohio, said its chief executive is stepping aside and that his son will take over day-to-day management.

West Virginia's City Holding is content to have loan officers drive several hours to pursue lending opportunities rather than relying on aggressive M&A. Part of the approach is tied to lessons learned from a risky strategy that blew up on a previous management team in the 1990s.

Housing and Urban Development Secretary Shaun Donovan says it’s important for investors in mortgage-backed securities to receive a fair price for seized mortgages.

Oregon lawmakers held a public hearing Wednesday on a bill that would prevent the state's Department of Revenue from hiring private collection agencies to help collect unpaid state taxes.

The Credit Union National Association was recognized for its #Don'tTaxTuesday campaign, which asked supporters to tweet messages at lawmakers to protect credit unions' tax-exempt status.

The audio technology is primarily aimed at eliminating long passwords rather than security, says the bank's chief innovation officer.

The proposal to let the U.S. Postal Service become a bank is a hard sell, but the idea has legs for political, legal and business reasons. Here are answers to the top questions about the provocative idea.

The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) dropped below 4 percent for the first time since 2008, ending Q4 2013 at 3.85 percent, according to TransUnion's Industry Insights Report.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's use of technology to better handle distressed loans is "too good to be true."

The U.S. Postal Service, well positioned to compete with payday lenders, could redirect the $7.4 billion Americans annually spend on these types of loans back into the U.S. economy. But it would have to become a proper bank to do so.

Retail and financial services trade groups have launched a new partnership aimed at improving cybersecurity across both industries.