Banking

CUNA is confirming what several analysts have already told Credit Union Journal: that NCUA's proposed new risk-based capital rule will cost many credit unions a lot more to maintain healthy capital cushions needed for growth-in fact, a net $7.3 billion more.

Moody's Analytics is seeking to help banks manage interest rate risk and determine how different economic shocks would affect their credit portfolios.

The U.S. Postal Service offering financial services to the underserved would be a great idea. If the U.S. Postal Service weren't, you know, the U.S. Postal Service.

Encore Capital Group Inc., a large U.S.-based debt buyer, announced Monday that it will acquire UK-based debt buyer Marlin Financial Services for approximately $481 million through Cabot Credit Management, a UK subsidiary of Encore acquired last year.

Every couple weeks a new group of mainstream merchants and payments providers begins accepting Bitcoin, the popular and often controversial digital currency.

DBA International elected Bryan Faliero as president during the association’s annual conference last week.

Allan Hosack joined the $1.9 billion-asset Waterstone after a decade at BMO Financial Group (BMO) and predecessor, Marshall & Ilsley.

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JPMorgan Chase & Co. is offering $390 million of non-performing loans as banks including HSBC Holdings PLC and Regions Financial Corp. increasingly look to sell troubled mortgage debt.

The company wants to supplement the loss of revenue from mortgage banking with a potentially large acquisition. CEO Gary Douglass says he is interested in banks with $400 million to $1 billion in assets.

The Detroit car lender is defying regulatory pressure to change its pricing system, but it's unclear whether other lenders will dig in their heels, too, or eventually give in.

Researchers for the U.S. Postal Service inspector general's office are making the case that an agency rooted in delivering mail and selling stamps can help Bitcoin go mainstream.

A former head of commercial real estate at Wilmington Trust was charged with bank fraud, bribery and money laundering, the Office of the Special Inspector General for the Troubled Asset Relief Program announced Friday.

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

A flurry of Capitol Hill hearings reflect a renewed focus on legislation to protect Americans' from credit and debit card cyber-attacks. Washington Bureau Chief Rob Blackwell discusses where legislators and regulators appear to be headed and when new laws are likely to be enacted.

Capital One has acquired and partnered with a series of technology companies and is now starting to build digital services that hinge on the new tech. One such pilot lets small business owners distribute discounts to nearby shoppers' smartphones for a fee.

Fourth-quarter results benefited from banks' ongoing efforts to work through problematic loans and foreclosures, though more industry observers expect to see this activity taper off in 2014.

First Data is partnering with The Members Group to offer financial institutions a streamlined process for issuing chip-and-PIN cards.

Former Citigroup (NYSE:C) executive Deborah Doyle McWhinney is joining the board of engineering company Fluor (FLR).

Mt. Gox, one of the largest Bitcoin exchanges, has suspended Bitcoin withdrawals because of a technical issue, the company said in a Feb. 7 announcement.