Banking

Royal Bank of Scotland Group Plc, Britain's biggest taxpayer-owned lender, apologized for a technical fault that left customers unable to access accounts and offered to compensate those who have lost money.

American Momentum Bank in Tampa, Fla., is seeking regulatory approval to move its headquarters to College Station, Texas.

Arrow Global, a Manchester, UK-based buyer of delinquent debt from credit card companies and banks, posted a healthy increase in collections and earnings in the first nine months of 2013.

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

Citigroup Inc. is expanding its ThankYou Rewards program by providing customers with virtual account numbers linked to their Citi credit cards and rewards accounts to redeem points at online merchants.

BTC China, the nation's largest Bitcoin exchange, has had low-level discussions with regulators seeking recognition of the digital currency that would allow it to be used to buy goods and services in the country.

Under a rule released Tuesday, the CFPB will begin examining any nonbank servicer that handles more than one million student loan borrowers — a category that currently includes seven firms and accounts for 70% of the market.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

NCR Corp. has agreed to purchase Menlo, Calif.-based Digital Insight Corp. for $1.65 billion. Separately, NCR also completed a purchase of Alaric Systems in London for $84 million.

The $126 billion-asset company plans to redeem the notes, and pay about $10.3 million in unpaid dividends, on Dec. 30, it announced last week.

NCR Corp. (NCR) has agreed to purchase Menlo, Calif.-based Digital Insight Corporation for $1.65 billion. The deal follows Intuit's sale of the mobile and online banking unit to private equity firm Thoma Bravo LLC in July.

More than 10 months after agreeing to pay a $10 million penalty to its regulator, TCF Financial (TCB) has officially been released from an enforcement order related to its monitoring of suspicious transactions.

The National Fair Housing Alliance has accused big banks of discriminating against minorities in the upkeep of foreclosed properties and is seeking millions in settlements — mostly for itself. Behind its demands are faulty data and grants overseen by a federal official with close ties to the group.

If you are a small bank willing to sell for cash, there's an increasing chance a large credit union might be interested in making you an offer.

Several Canadian banks have taken on the challenge of managing and protecting their customers' user names and passwords across banking and government sites. U.S. banks are invited to join a similar pilot starting in the U.S.

Big banks are getting surprisingly good grades for customer satisfaction, despite lingering scandals and waves of new fees since the financial crisis, according to J.D. Power. Big banks' better technology and efforts to improve their customer service have off-set some of the reputational issues affecting them, J.D. Power executive Rocky Clancy explains.

The Farm Credit Administration will also withdraw a proposal that would have allowed its lenders to make investments in non-agricultural businesses.