Banking

Banks have typically deployed mobile banking as an addendum to online banking, from both a technology and staffing perspective, with consequences to the customer experience.

Avidbank Holdings in Palo Alto, Calif., has completed the redemption of its Troubled Asset Relief Program stock.

Neff Hudson, emerging channels executive at USAA, shares his views on what banks should be doing about mobile payments.

The serial acquirer in Rosemont, Ill., announced Wednesday that it has agreed to buy the $165 million-asset Diamond Bancorp, which has a branch on Chicago's north side and three branches in its northern suburbs.

Westpac announced in July a mobile banking app contest that's open to developers and designers.

Lawmakers have authorized the Federal Housing Administration to make a narrow set of changes to its reverse mortgages program to help the troubled program avert more radical reforms later this year.

The Seattle mortgage lender's agreements to buy two small banks would give it more commercial lending expertise and put it in the company of other banks like Sterling Financial and AmericanWest that are engaged in M&A-driven makeovers.

Legislation to reform the Federal Housing Administration sailed through the Senate Banking Committee on Wednesday, but the bill's future, along with that of broader, comprehensive mortgage reform, remain up in the air as Congress prepares to break for the August recess on Friday.

A federal judge's ruling on the Durbin Amendment is likely to cost the banking industry billions of dollars each year.

Center Bancorp (CNBC) in Union, N.J., has named a new chairman for its bank. The $1.6 billion-asset company also announced Wednesday that it had made its interim chief financial officer permanent.

More banks are planning to sell or spin off businesses because of Basel III, shareholder pressure and other forces, according to the Institute of International Finance and EY.

MasterCard reported profit that beat analysts' estimates as spending on credit and debit cards rose. The shares climbed.

The rapidly growing Opus Bank in Irvine, Calif., has split its commercial and retail banking operations.

With competitive pressure mounting from trendy software companies, banks are trying out new ways to attract the most-sought-after technical talent and modernizing their career websites' interfaces to better showcase their cultures.

Bankers must do a lot of homework when a vendor is sold in order to prepare for the transition and potentially take advantage of the change.

RBS Citizens Financial Group in Providence, R.I., has become the latest banking company to use plain language to describe its checking account policies and procedures.

Sovereign Bank will change its name to Santander Bank and spend $200 million to upgrade branches and roll out an advertising campaign.

Research and Markets, a global market research firm, has announced the release of the "UK Consumer Debt Purchase and Debt Collection: Market Insight" report.

Texas Capital Bancshares (TCBI) in Dallas announced several executive moves in advance of its new chief executive taking office.

West Virginia Attorney General Patrick Morrisey announced Tuesday that Hampshire Memorial Hospital and Mosaic Finance Solutions, based in North Carolina, will each pay the state $7,500 as part of an agreement, called an assurance of discontinuance, to end illegal collection practices.