Banking

Citigroup (NYSE: C) plans to send new debit cards to customers affected by the Target data breach, The New York Times reported Thursday.

Debit cardholders would feel more appreciated if their bank voluntarily notified them prior to overdrafts and offered to mail statements in languages other than English.

U.S. foreclosure activity during all of 2013 dropped 26% compared to 2012 to 1.361m properties, its lowest level since 2007 (1.3m filings), according to RealtyTrac U.S. Foreclosure Market Report.

Huntington Bancshares' (HBAN) fourth-quarter profits fell 6% from the same quarter in 2012, to $158 million, due largely to a sharp decline in mortgage banking income.

Level, a maker of budgeting apps for millennials, rolled out an Android app Wednesday.

U.S. banks and merchants face mounting pressure to catch up with technology used in Europe, Asia and Latin America to secure credit- and debit-card data after tens of millions of Target Corp. customers were exposed.

Goldman Sachs Group Inc., the Wall Street bank with the highest return on equity, reported earnings that beat analysts' estimates as equity-underwriting fees doubled and full-year compensation costs fell to the second- lowest percent of revenue since the firm went public in 1999.

Citigroup (NYSE:C) reported fourth-quarter profit that missed Wall Street estimates as bond trading slumped. The stock fell more than 2.5% in early New York trading.

Network giant Cisco provides a geeky view of network vulnerabilities in its latest Annual Security Report.

More than anything I would like good customer service, close attention to my account security and really low fees. Unfortunately, I must admit I almost never get what I want from my bank.

PNC Financial Services Group Inc. (PNC) posted fourth-quarter profit that beat analysts' estimates as the lender set aside less money for soured loans.

Coconut Grove Bank in Miami has appointed a new chief financial officer: Samuel Milne, the former CFO of the struggling U.S. Century Bank.

Duncan Niederauer, the head of the New York Stock Exchange's parent company, this week contemplated the consequences of his future retirement and urged his fellow financial executives to "be humble" about their professional clout.

Malvern Bancorp (MLVF) in suburban Philadelphia announced Wednesday the resignation of president and chief executive Ronald Anderson.

The bill reintroduced by Sens. Tom Carper, D-Del., and Roy Blunt, R-Mo., comes on the heels of customer data breaches at multiple high-profile retailers.

Citigroup officials were granted access Wednesday to the Manhattan site of a 30-hour, six-alarm fire that destroyed a two-story branch over the weekend.

In an attempt to combat money laundering, JPMorgan Chase (JPM) is banning anonymous cash deposits into accounts at branches.

Community Bank-Wheaton/Glen Ellyn in Illinois has been released from a cease-and-desist order from the Federal Deposit Insurance Corp. and state regulators.

WASHINGTON — Changes in overall loan balances were muted in the last six weeks of 2013, with bankers in some regions reporting minor growth and those in other parts of the country seeing volume remain stagnant, the Federal Reserve Board said Wednesday.

Bank of America's chief executive, Brian Moynihan, has come under withering criticism the past few years from skeptics who doubted he could right the ship. After the company reported solid fourth-quarter profits Wednesday, some former doubters appeared to be altering their views.