Banking

Bitcoin has received a lot of attention this year, for all the wrong reasons.

Excerpts from an interview with John Stumpf, chairman and CEO of Wells Fargo, who sat down with us for the "Banker of the Year" profile featured in the December issue of American Banker Magazine.

John Stumpf, Chairman and CEO of Wells Fargo, has kept his bank profitable for 15 record-breaking quarters, presided over its expansion from coast to coast, and steered clear of the worst regulatory troubles following his biggest competitors. American Banker editors discuss why he is the Banker of the Year for 2013.

Citi executives Deborah McWhinney and June Felix discuss their group's new health care payments platform.

Citi's June Felix, managing director for health care in the company's enterprise payments division, on how Money² for Health Would Work for Patients, Doctors and Insurers.

Deborah McWhinney, head of Citi's enterprise payments group, talks about innovating in a large organization; colleague June Felix looks at what's ahead for the intersection of banking and health care.

There were dividend increases, record profits and promising growth initiatives in businesses such as credit cards. But with the pressure on the company's mighty mortgage business intensifying, it wasn't all smooth sailing for American Banker's Banker of the Year.

What does it take to be an effective leader? Here's some insight from our bankers of the year, John Stumpf, Simone Lagomarsino, Joseph DePaolo and Johnny Allison.

The 66-year-old chairman of Home BancShares in Conway, Ark., sure does tell it like it is. Here are some of his more colorful quotes and the stories we enjoyed most.

Though bankers generally applauded the Consumer Financial Protection Bureau's final rule on mortgage disclosures, they are raising concerns that some of the changes need to be fixed or they'll have no choice but to assess higher fees at the closing.

Cash America agrees to pay $19 million to settle charges that it illegally robo-signed documents, overcharged members of the military, and stymied a CFPB examination by destroying and withholding information.

Big banks have not done enough in the five years since the financial crisis to make themselves more socially responsible corporations, according to a report released Wednesday by a shareholder advocacy group.

Community groups are uniting to protest Regions Financial's (RF) short-term loan program, calling on the Birmingham, Ala., company to ditch its "Ready Advance" product.

JPMorgan Chase this week agreed to pay $13 billion to settle mortgage-related claims, under a landmark agreement with the Department of Justice. American Banker editors discuss what the settlement means for the bank, Chairman and CEO Jamie Dimon and state and federal authorities.

In back-to-back hearings this week, lawmakers acknowledged the promise of virtual currencies like Bitcoin and the risks of overregulation along with the danger of abuse. Laws on the books may suffice to address the latter, for now.

Cash America will pay up to $19 million to settle allegations that it robo-signed documents, overcharged military borrowers and destroyed documents during a CFPB exam.

The Consumer Financial Protection Bureau on Wednesday unveiled an enforcement action against Cash America International for robo-signing and other violations. American Banker editors discuss what the action says about the future of the small-dollar loan market and the CFPB's future enforcement activities.

Mobile check deposits took center stage in a comedy routine by talk show host Ellen DeGeneres.

Banks may never be able to restore their reputations after the financial meltdown, the director of the "Wall Street" movies told a Commercial Finance Association gathering. Surely the association wasn't expecting a pep talk.