Banking

Various loan types have been yielding fatter margins over banks’ cost of funds through much of the Fed’s campaign to stimulate the economy. Blame banks' tight overall margins on cash and securities.

Criminals will always find new ways to steal money. Banks still need a realistic timetable from the card networks to upgrade to chip and PIN.

Bankers and companies including JPMorgan Chase and Citigroup praised landmark Supreme Court decisions that expanded federal benefits and struck down some restrictions on same-sex marriage.

Small business online service provider Web.com has incorporated MasterCard's digital wallet, MasterPass, into its offerings, enabling MasterCard to dramatically and quickly expand MasterPass' merchant base.

Alamogordo Financial Corp. (ALMG) in New Mexico has agreed to buy Bank 1440 (BFFO) in Phoenix.

One in five adults age 20 and older have student loan debt and more than half of them worry they may be unable to repay their obligations, according to a study from the Urban Institute's Opportunity and Ownership Project.

Signature Bank (SBNY) in New York City has hired a private-client team from Citigroup (NYSE: C) and added two more bankers to head its existing groups.

On Sunday morning, customers of the Industrial and Commercial Bank of China, the world's largest bank, woke to an unpleasant surprise: Their deposits were not available for withdrawal by ATM or teller (online or in-person).

Banks have managed to sustain profit growth in recent quarters despite weak loan demand by refinancing large numbers of home loans and reducing loan-loss reserves. But those opportunities appear to be fading, which his raising concern about what will drive profits in the near term. Here's a look at what to expect for second-quarter results.

StoneCastle Financial is planning an initial public offering to raise up to $150 million for bank investments.

The consumer-loan company InstaLoan has contracted with FactorTrust for information on the underbanked, to help it expand its pool of loan candidates.

Bay Banks of Virginia in Kilmarnock plans to close a branch and begin offering mobile banking.

Web giants have built empires selling customer data. Barclays' recent acknowledgment that it is also considering selling client information raises the question for the industry of whether the potential revenue gains are worth the reputational and legal risks.

In an effort to simplify its mortgage process and improve compliance, BOK Financial (BOKF) in Tulsa, Okla., has chosen DocuTech's mortgage loan document software.

Avidbank Holdings (AVBH) in Palo Alto, Calif., has raised $16 million selling roughly 1.6 million shares of common stock in a private offering.

Technology CU announced this morning it has introduced a new way to help members avoid ATM surcharges with the debut of FeeAlert from Cardtronics.

Valley National Bancorp in Wayne, N.J., plans to redeem $15 million in trust-preferred securities.

The Federal Reserve Board has terminated a written agreement with Farmers Bank in Ault, Colo. The May 2010 pact obligated the $232 million-asset bank's directors to strengthen oversight of management.

Fulton Financial (FULT) in Lancaster, Pa., has lured a chief marketing officer from First Niagara Financial (FNFG).

The Consumer Financial Protection Bureau gave banks and nonbanks four tips on how to minimize the risk that its investigations blow up into an enforcement action.