Banking

David Reilly, B of A's number-two tech executive, offers a window into the bank's current thinking on open computing, driving innovation and modernizing data centers.

The banking industry's reputation took a major hit in the wake of the financial crisis. Now consumers are seeing banks in a better light, according to a new survey from the American Customer Satisfaction Index.

The regulator for Fannie Mae and Freddie Mac on Monday directed the two housing finance giants to raise fees for all loans in an effort to bring private capital back into the mortgage market and better reflect the credit risks of borrowers.

Treasury Secretary Jack Lew, head of the Financial Stability Oversight Council, renewed calls on Monday for Congress to pass a bill that would help address ongoing cybersecurity threats to financial institutions.

Bank of the Ozarks (OZRK) in Little Rock, Ark., has agreed to buy Bancshares Inc. in Houston.

A group of state regulators issued a paper calling on federal regulators to do a better job of exempting small banks from their regulations, including urging the CFPB to provide more exemptions for small banks to its "Qualified Mortgage" rule.

Executives at NewBridge Bancorp share insiders' views on the challenges of making loans and pursuing M&A in a state where big banks, regionals and well-funded community banks have created heavy competition.

State financial regulators have received few applications for licensing Bitcoin businesses even as they've handled many inquiries about them, according to David Cotney, the commissioner of banks in Massachusetts.

U.S. Bancorp's (USB) wealth management division has appointed Benton Reichenau as head of product services.

Barclays announced Monday a partnership with Techstars to launch a three-month accelerator program in the UK next year.

Following pressure from the governors of Colorado and Washington, the agencies say they're considering steps to lessen banks' risk when establishing relationships with pot dispensaries and producers.

The exchange rate of Bitcoin briefly pushed past $1,000 as more people took interest in the digital currency, but many mainstream consumers remain concerned about the persistent security issues surrounding Bitcoin companies.

The city of Los Angeles filed a lawsuit against Bank of America (BAC) Friday, accusing the company and its Countrywide unit of engaging in discriminatory mortgage lending.

Many borrowers who took out home equity lines of credit could soon be facing steep increases in their monthly payments, perhaps setting the stage for a fresh round of mortgage delinquencies, according to a new report from Lender Processing Services.

Large corporations usually turn to big banks for loans, but a new matchmaker believes community banks can compete for those projects.

First Bankcard is one of the first issuers to make FICO scores available to bank partners’ customers for free online. The educational initiative required First Bankcard to build a special webpage.

IBM has agreed to buy a tech subsidiary from the Belgian financial firm Dexia, and has signed contracts with several major European financial institutions to manage their IT.

The wealth management unit of Bank of New York Mellon is increasing its sales force by 50%, adding private bankers for affluent customers and has hired an executive away from Capital One.

New York's Benjamin Lawsky and other state regulators have given no indication of differentiating between online lenders that operate well and those that don’t. Yet the spectrum of alternative lending operations indicates that just such a distinction is needed.

Fiserv has launched a system to help financial firms mitigate the risk of crime.