Banking

Infosys is releasing a new version of its Finacle core banking product Wednesday, one that has been broken up into pieces with the goal of letting banks take on the new software at their own pace.

Community banks should do some serious soul searching about their mortgage operations as they approach the CFPB's January implementation deadline.

A former senior commercial loan officer at the failed Bank of the Commonwealth in Norfolk, Va., has been sentenced to 17 years in federal prison for hiding bad loans from regulators.

In August 2009, Deutsche Bank established a production studio in Cary, N.C., that has grown into an innovation lab through a partnership with North Carolina State University. This is the first in a series of profiles of banks' innovation labs.

With proposals afoot in both chambers of Congress, and President Obama moving the issue to the forefront, we can dramatically modernize our country’s housing finance system.

The Bitcoin Foundation, a trade group, is urging the Federal Election Commission (FEC) to allow bitcoins to be used for federal political contributions.

The Federal Housing Administration's share of the mortgage market continued to drop in 2012, falling to 27% of first-lien mortgages after years of representing more than 30% of originations, according to data released Wednesday by federal regulators.

Personal financial management company Geezeo has launched a site to instruct developers on how to use its API.

Kinderhook Bank in New York has promoted its chief financial officer to become its new chief executive.

The Federal Reserve Board has ordered Missouri Bank in Warrenton to pay a civil money penalty for violating the National Flood Insurance Act.

I hope we can all encourage our younger coworkers, our daughters and granddaughters, to see these opportunities and be ready to ascend to upper level management positions.

BankThink kicks off a new series in conjunction with American Banker Magazine’s annual Most Powerful Women in Banking issue.

S.Y. Bancorp in Louisville, Ky., plans to redeem $30 million of trust-preferred securities.

BB&T, which was sued for patent infringement, says the patent in question is "unpatentable" and should be canceled.

Umpqua Holdings in Portland, Ore., and Sterling Financial in Spokane, Wash., have set a $75 million penalty for terminating their planned merger.

Emclaire Financial in Emlenton, Pa., has partly redeemed preferred stock it issued through the Small Business Lending Fund.

KeyCorp's Beth Mooney tops the 25 Most Powerful Women in Banking list; the 25 Most Powerful Women in Finance list is led by Karen Peetz of BNY Mellon; and Mary Callahan Erdoes at JPMorgan Chase heads the 25 Women to Watch list.

FDIC warns banks to prepare for future interest rate impact on unrealized gains and losses.

California banker lives out boyhood ballpark dream, albeit in foul territory.

A centuries-old deterrent to counterfeiting, the watermark remains an enduring feature of our paper currency in an ever-digitizing world.