Banking

The Federal Trade Commission provided information to Congress on Wednesday on the status of its work regarding data brokers - firms that collect and aggregate consumers’ information and then resell it.

Target has confirmed the compromise of the credit and debit card data of 40 million Target shoppers and says the problem has been identified and resolved. However, thieves are selling the card account information as fast as they can on underground sites, according to security blogger and expert Brian Krebs.

Thieves who stole card data for 40 million Target shoppers are now trying to sell their ill-gotten information as fast as they can on underground websites, says security blogger Brian Krebs.

Rockville Financial (RCKB) in Connecticut and United Financial Bancorp (UBNK) in West Springfield, Mass., will close four overlapping branches after their planned merger closes next year.

BankUnited in Miami Lakes, Fla., has sold two batches of securities in order to comply with the Volcker Rule.

As more consumers pile into Bitcoin and the currency's market capitalization increases, any handful of trades will not have as strong an effect on the currency’s price swings.

FIS (FIS), one of the largest fintech providers worldwide, announced Thursday a new board member: Les Muma, the former founder and chief executive of Fiserv (FISV).

BancorpSouth (BXS) in Tupelo, Miss., is strengthening its insurance business in Texas.

First Niagara Financial (FNFG) in Buffalo, N.Y., didn't have to look far to find its next president and chief executive, even though the search process lasted nine months.

Peter Orszag, a former White House economic aide and current Citigroup vice chairman, said Wednesday he "wouldn't buy Bitcoin right now," but he still mounted a moderate economic defense of the digital currency.

The banking world was full of missteps and miscalculations in 2013. These folks - well, except for those who will remain behind bars - are hoping for sunnier skies in 2014.

The Federal Housing Finance Agency has fallen behind in its examinations of Fannie Mae and Freddie Mac because it simply does not have enough examiners to properly monitor the government-sponsored enterprises, according to new report from the agency's watchdog.

The government-backed student loan market may be nearing a crisis, but private student loans continue to be a very good bet for lenders, according to a study released Thursday.

Flagstar Bancorp (FBC) has agreed to sell the majority of its mortgage-servicing rights but will retain the subservicing rights, the Troy, Mich., company said Wednesday.

Investors Bancorp (ISBC), in Short Hills, N.J., filed registration papers to dissolve its mutual holding company and convert to a fully stock-owned company.

Retailer Target is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs.

Credit Suisse Group AG (CSGN) was sued by New Jersey over claims the bank misrepresented the risk to investors in more than $10 billion in residential mortgage-backed securities.

A consumer advisory issued by the Consumer Financial Protection Bureau on Wednesday is stoking fears that the agency may be inadvertently encouraging borrowers to challenge their lenders in court after new mortgage rules go into effect next month.

MidCoast Community Bank's founder and former chief executive pleaded guilty Wednesday to charges of bank fraud and money laundering.

BNC Bancorp's deals to spend $48 million on two lenders with sizable levels of nonperforming assets show that strugglers can command stronger prices in markets where aggressive banks are under pressure to buy.