Banking

Leaders in emerging payments and virtual currency have formed a committee to establish a self-regulating body to ensure regulatory compliance as the marketplace changes.

LAKE JACKSON, Texas – TDECU is one of the first institutions to sign a Preferred Branding deal with ATM giant Cardtronics, which the company said elevates the credit union’s ATM visibility in a new way.

Quarterly profit at Heartland Financial (HTLF) in Dubuque, Iowa, slipped by 31% from a year earlier as costs rose and gains from loan sales fell.

John Salop of BB&T (BBT) succeeds Fred Rubin, the $875 million-asset Access announced Monday.

American International Group Inc. (AIG) will return funds to customers at its banking unit and shut their accounts amid a retreat from deposit-taking as the Dodd-Frank Act places limits on insurers.

Smart employers know there are no bounds on talent that are defined by race, gender, ethnicity or sexual orientation.

Regions Bank was the victim of cyber attackers that shuttered the bank's website and interrupted its customers' debit cards.

Synovus Financial, which endured a drubbing from the economy while overcoming massive challenges, has a large to-do list if it wants to regain relevance.

Executives at more than half of banks fear they lack a comprehensive handle on technology and operations risks and would welcome software that enables them to tackle the problem, a Deloitte survey shows.

WICHITA, Kan. – A federal appeals court on Friday directed NCUA and Barclays Capital to negotiate a possible settlement of claims in the corporate credit union crisis, as a preliminary step to formal review of a lower court ruling dismissing NCUA’s $555 million suit against the Wall Street bank.

Union Bank in San Francisco has teamed up with a pair of children's authors to publish a rhyming book that teaches the importance of saving.

A sharp increase in long-term interest rates caused a slowdown in loan demand in June that overshadowed a much-needed inflection point with pricing.

Bitcoin, a decentralized virtual currency, has been declared illegal in Thailand. Members of the Foreign Exchange Administration and Policy Department made the determination at a meeting on July 29 in the Southeastern Asian country, according to a Bitcoin exchange operator in attendance.

MainSource Financial Group (MSFG) in Greensburg, Ind., has been cleared to redeem the last of the preferred stock it had issued through the Troubled Asset Relief Program.

Equifax has released a tool that lets banks compile different collateral-valuation models and rank them based on accuracy.

The Consumer Financial Protection Bureau's crackdown on Castle & Cooke Mortgage is the first in what could be a string of enforcement actions against mortgage originators for failing to follow new loan officer compensation rules.

Several major trends continued in the second quarter: strengthening credit quality, continued debt reduction and a focus on cutting costs. Revenue and loan growth remain a challenge, but signs are emerging that consumers and businesses are ready to spend again, which could bode well for bank earnings in the second half of the year and into 2014. Other potential profit drivers: a surge in wealth management income and, for some banks, a more level playing field.

Pacific Commerce Bank in Los Angeles has satisfied enforcement orders imposed by state regulators, but it still has more work to do.

WASHINGTON – CUNA has asked NCUA to consider suspending its annual corporate bailout assessments next year as losses on the remnants of the five corporate failures continue to decline.

Trustmark in Jackson, Miss., has bought two branches from SOUTHBank in Huntsville, Ala.