Banking

A California man was found "not guilty" of vandalism Monday for writing anti-bank messages outside of Bank of America (BAC) branches in San Diego.

Community bankers emerged victorious Tuesday after regulators made a number of key changes to a final package of Basel III capital rules in an effort to address smaller institutions' concerns. But the biggest banks, in contrast, fared far worse.

A group that promotes the digital currency Bitcoin has thrown down the gauntlet with regulators, telling California officials that selling the digital currency does not require a state money transmitter license.

Home Savings Bank in Madison, Wis., is planning to convert from a mutual thrift to a stock-owned company.

Big banks are facing unprecedented pressure from federal and state regulators to rein in their consumer credit card collections practices following revelations of improper behavior.

First Virginia Community Bank in Fairfax has named a new chief operating officer and added a chief marketing officer position.

Consumers Bancorp (CBKM) in Minerva, Ohio, has completed a $9.7 million rights offering and will seek to raise an additional $300,000 through a public offering of common stock.

Wintrust Financial, a community bank holding company in Illinois, is piloting an app that lets customers pre-order cash at ATMs.

Companies that create goods or enhance existing services are seen as innovative and responsive. Businesses that impose fees without adding value often wind up paying a reputational price.

Parallon Business Solutions, a provider of healthcare business and operational services, announced Monday it has completed the acquisition of St. Louis-based The Outsource Group, a national healthcare revenue cycle management firm.

BankUnited (BKU) said Tuesday that it had signed a lease to add 20,000 square feet to its headquarters, which already occupies five buildings and 120,000 square feet in Miami Lakes, Fla.

NCR announced Tuesday that Lake State Credit Union of Minnesota is using its Aptra Interactive Teller machine to better reach far-flung customers.

Debt buyer Encore Capital Group announced Tuesday it has closed the $177 million acquisition of Janus Holdings Luxembourg S.a.r.l., the indirect holding company of United Kingdom and Ireland-based Cabot Credit Management.

The Office of the Comptroller of Currency has begun issuing its examiners "best practice" guidelines to end big banks' use of faulty records in the sale of defaulted consumer debt. The move could threaten billions of dollars of sales to collections agencies.

Interneer announced Tuesday that Los Angeles Firemen's Credit Union has decided to use its process automation software to enhance its self-service channels as well as efficiency between front-line staff and back-office operations.

Thomson Reuters is revamping its risk management platform with a new user interface.

Downward pressure on loan pricing is putting a slight damper on otherwise positive results in American Banker's latest Index of Banking Activity.

An estimated 2.5 million Californians had personal information put at risk in 2012 through some type of electronic data breach, according to a report from Attorney General Kamala Harris' office.

Peoples Bancorp in Marietta, Ohio, plans to enter the Cleveland market by acquiring Ohio Commerce Bank in Beachwood.

The former president of the failed Mutual Bank in Harvey, Ill., has been banned from the banking industry by the Federal Deposit Insurance Corp.