Banking

Declining interchange revenue translates into consumers paying more for the products and services (that in many instances were once free), with no corresponding decrease in retailer prices.

A former Bank of America (BAC) executive whose work on mortgage bonds is the subject of lawsuits by the Federal Housing Finance Agency and the Justice Department was hired by Fannie Mae months after the claims began to surface.

Wells Fargo is forming an advisory board to strengthen its commercial banking presence in New England.

First National Community Bancorp in Dunmore, Pa., swung to a quarterly profit thanks to cost cuts and securities sales.

In another move to win over video game devotees, American Express Co. created a League of Legends-branded prepaid card, which could be more fitting than its earlier efforts to appeal to gamers.

MARIETTA, Ga. – LGE Community CU said it has purchased 15 of Diebold’s Opteva ATMs, including 13 deposit automation-enabled terminals and two cash dispensers, for its seven branches.

Cullen/Frost Bankers (CFR) in San Antonio has agreed to buy WNB Bancshares (WNB) in Odessa, Texas, for $220 million in stock and cash.

Jack Henry & Associates made $47.7 million in its fiscal fourth quarter ended June 30, 9% more than a year earlier, as revenues grew in the vendor's transaction processing business.

Anchor BanCorp Wisconsin finally found some capital after a four-year search, but that wasn't enough. It has filed for Chapter 11 as a way to get Associated Banc-Corp, one of its creditors and competitors, to consent to its recapitalization.

A shareholder lawsuit against the management of Home BancGroup in Hallandale Beach, Fla., has been dismissed, according to a news report.

John Linfante is stepping down as the chairman of Atlantic Coast Financial (ACFC), the latest leader to leave the Florida bank since investors rejected its sale to Bond Street Holdings.

Sellers will say rising rates makes them more valuable. Buyers will say the same trend makes sellers less valuable. Add this impasse to the list of complications for bank M&A.

Banking has lost its recruiting luster at a critical time. To attract the best, the industry must regain people’s trust.

Mutual fund giant Fidelity Investment's first 'Glassware' app is unlikely to wow many users. But it does signal how the financial services industry is coming to regard wearable computing devices as the next mobile battleground.

The $7.2 billion-asset company auctioned $34.6 million in senior notes, it announced Monday. The notes carry an interest rate of 6%.

The chief executive of First Community Bancshares (FCBC) in Bluefield, Va., plans to step down.

The Securities and Exchange Commission has closed an investigation of Suffolk Bancorp (SUBK) in Riverhead, N.Y.

The brouhaha over a court ruling that debit card fee caps be lowered overshadowed another problem for banks: the decision could also enable merchants to play card networks against one another on signature debit transactions.

The $345 million-asset Broadway lost $228,000 in the second quarter, it announced Monday. It earned $1.7 million in the second quarter of 2012, when it recorded a $2.5 million profit from the sale of its former headquarters.

First Southern Bank of Boca Raton, Fla., said Tuesday that it is launching remote deposit capture for its business customers.