Banking

The Birmingham, Ala., bank announced Thursday its plans to bring video banking technology from NCR Corp. to its customers later this year.

California's financial regulator has baffled observers by sending a cease-and-desist "warning letter" to the Bitcoin Foundation. The letter accuses the nonprofit of acting as an unlicensed money transmitter, even though its main activities are promoting awareness of digital currencies and developing the Bitcoin protocol client software. Did the Golden State's bureaucrats blindly send out letters to any organization it could find with the word "bitcoin" in its name? This much is clear: Rapidly evolving payment technologies are confounding traditional ways of understanding money.

Huntington Bancshares said Thursday that it has forged a pact with Cleveland State University that gives its Huntington Bank the exclusive right to operate branches and automated teller machines on campus.

It's been an eventful year so far in the payments industry. Exciting new technologies, dramatic executive turnover and ongoing courtroom drama have defined 2013's first six months.

Provident New York Bancorp (PBNY) will raise $100 million through a debt offering.

Rep. Mel Watt defended his judgment and experience with housing issues during a hearing on his nomination to head the Federal Housing Finance Agency, but it's unclear if the performance was enough to sway Republican opponents.

The CFPB is targeting more banks in a probe of an auto-loan program for military service members. Its $6.5 million settlement with U.S. Bancorp and a third-party service provider highlights the risks in vendor relationships.

Principal Financial agreed to sell $200 million of deposits from its savings and loan unit and said the business plans to divest commercial loans as part of an effort to limit the insurer's role in banking amid greater U.S. supervision.

The strengthening economy helped, but the improvement in credit quality was also aided by the sale of poor-performing loans to servicers that are outside the federal banking system.

Too many banks still make too much money at the expense of their customers, and it is one of the biggest reasons the American public has lost faith in them.

When Wolters Kluwer asked bankers recently which regulatory concerns keep them up at night, 46% said "regulatory reform" — referring to new rules stemming from the Dodd-Frank Act and the Consumer Financial Protection Bureau.

After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.

The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.

WASHINGTON — The Federal Reserve Board will meet Tuesday to vote on the Basel III capital and liquidity rules to be applied to U.S. banks, the central bank said Thursday.

The void left by the demise of subprime credit cards helps explain why many nontraditional lenders are looking for new ways to cater to Americans with shaky credit histories.

Peter Aceto, the CEO of ING Direct Canada, joined the "Daily Show" in a spoof of bank regulation, but his appearance wasn't all laughs.

A recent study found that customers want products like identity theft alerts and mobile bill pay from their banks. But many community banks are unable or unwilling to offer those products.

Mortgage Investors Corp., one of the nation’s largest refinancers of veterans’ home loans, will pay $7.5 million to settle allegations it targeted veterans. It's the largest fine the FTC has ever collected for violating Do Not Call provisions of the agency’s Telemarketing Sales Rule.

American Banker's Sean Sposito reports on his first day using Google Glass, the tech giant's head-mounted computer.

Louis B. "Buzz" Eckelkamp III, who has been promoted to president of Bank of Washington in Missouri, got a pat on the back from his boss — his dad. However, the celebration was short.