Banking

There is little proof that a doubling of guarantee fees in the last year by Fannie Mae and Freddie Mac has brought private investors back into the mortgage market, says the FHFA's inspector general in a new report.

MUNCIE, Ind. – Ball State FCU opened its doors in the L.A. Pittenger Student Center Monday as part of the Village redevelopment.

The $2.8 billion-asset Wilshire would pay about $105 million in cash and stock for the $542 million-asset Saehan, the companies announced Monday.

The "we are all buyers" mentality held by most of Chicago's large community banks changed when Taylor Capital agreed to sell to MB Financial for $680 million. It could signal the beginning of long-awaited consolidation in the Chicago area.

Planned price increases and hints that households are looking for higher yields for their savings suggest that the flood tide of deposits could finally be ebbing.

A uniform mortgage-backed-security product, more risk sharing and help for small banks are some of the housing-finance fixes that the Mortgage Bankers Association urges regulators to make now.

Strong investment-banking profits helped offset more lackluster commercial banking results, illustrating just how much big banks have to lose from lawmakers' latest attempts to rein in the largest banks.

The Consumer Financial Protection Bureau named a new chief operating officer and chief of staff, among other appointments, following a string of recent departures in its senior level suite.

The search engine giant revamped its web service Monday to separate personal messages from promotions.

Normally community banks avoid loan participations with nearby rivals, but a group of Delaware banks decided they had to do so to compete with big banks — and survive.

A new Marketing Insights team is drawing data from an unusual source — a fraud analytics system — to inform customer retention and cross-sales campaigns.

Capital One Financial (COF) said Monday that delinquencies in its U.S. credit card portfolio rose slightly in June following four straight months of improvements.

A bipartisan commission, in lieu of a director, would encourage internal deliberation and constrain the CFPB’s ability to make politically motivated or ill-informed decisions.

Commerzbank, Germany's second-biggest bank, agreed to sell its U.K. real estate lending unit to Wells Fargo and Lone Star Funds to comply with European Union state-aid rules following its bailout.

HSBC North America has begun a program to help companies participate in the U.S. export boom.

With this acquisition, Accenture hopes to become the largest end-to-end provider of mortgage services in the U.S., offering technology, business process outsourcing and software to banks.

Barclays is in an awkward situation that will ring familiar to bankers in the U.S. The U.K. bank has been terminating relationships with money transmitters, including several that wire funds to Somalia, a ravaged country that relies heavily on remittances from immigrants in the West. The bank says it's uncomfortable with the risk and expense of serving these businesses in light of recent fines levied against big financial institutions for anti-money laundering lapses. But now it's being accused of starting a humanitarian crisis.

For the second consecutive month, lawsuits citing violations of three key collection laws fell, according to data from U.S. district courts.

Axiom EPM, a maker of financial-planning software, has upgraded its performance-management system in a way that the company says will help banks make better decisions.

Q2ebanking, an Austin virtual banking provider, will power Portland bank Umpqua's digital channels.