Banking

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.

A new accounting framework could give banks a leg up in small-business lending by making it cheaper for companies to provide accurate financials, but accounting experts are divided over whether the standards are an improvement or risky and confusing.

Waterstone Financial (WSBF) in Wauwatosa, Wis., disclosed that its chief financial officer is resigning.

Ohio Attorney General Mike DeWine's says his office has collected more than $1.3 billion in debts owed to state government offices.

Michaels is investigating a possible data security attack, CEO Chuck Rubin said in a letter to customers.

Experienced community bank executives know that failure to manage their bank’s sensitivity to interest rate risk can cause financial troubles.

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon, who got a 74 percent raise for his work in 2013, stands to reap a separate and bigger payday within months.

VantageSouth Bancshares (VSB) in Raleigh, N.C., and Yadkin Financial (YDKN) in Elkin, N.C., are merging.

Predictions of marauding hackers are overblown, but banks do have good reason to beef up security on their Windows XP ATMs before Microsoft drops support for the operating system in April.

CHARLOTTESVILLE, Va. -- Banks are reducing their number of branches to increase efficiency and boost sluggish revenue growth, according to a new report from SNL Financial.

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The $300 million-asset bank said in a press release Friday that Theodore Biagini, 73, had been chairman since its January 2007 opening.

A group of 33 senators, mostly Democrats, is urging the new head of the Federal Housing Finance Agency to resume funding for two affordable housing trust funds.

A Florida businessman has been ordered to pay roughly $1 million and spend over a year in prison for defrauding the Export-Import Bank of the United States.

The Oklahoma State Banking Department has closed Bank of Union in El Reno.

The Riverwoods, Ill., company is the second large private student lender in two weeks to announce plans to enter the long-moribund refinancing market.

The Mississippi bank's latest acquisition would take it into the Austin, Texas, market, but CEO Dan Rollins refuses to answer questions from investors and analysts about how quickly it would earn back its dilution of tangible book value.

CEO Gary Crosby believes new technology will help the Buffalo, N.Y., company generate revenue more in line with being a large financial institution. But his $250 million investment pledge didn't sit well with investors who were hoping for cost-cutting.

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

Cathay General Bancorp (CATY) of Los Angeles reported earnings of $31.9 million for the fourth quarter of 2013, an increase of 12.7% from the same quarter a year prior.