Banking

Snapchat, a once-popular app among high school students, has captured the attention of privacy-savvy Wall Street financers hoping to keep their late-night escapades quiet.

Ticket vending machines in New York City's subway system will temporarily not accept credit and debit cards for part of June 22, while the city's Metropolitan Transportation Authority performs a system upgrade to its mainframe.

The chief executive and three directors of Atlantic Coast Financial (ACFC) are leaving the company after shareholders rejected a proposed sale to Bond Street Holdings earlier this month.

As part of the heavy competition in New York, BankUnited CEO John Kanas has swiped a number of bankers away from rivals, including Capital One and Signature Bank. Most worked for him at the old North Fork Bank.

Do mortgage servicing layoffs at JPMorgan Chase indicate there's a light at the end of the tunnel for the mortgage crisis?

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Getting new credit cards in the hands of emerging market consumers requires unique processes that ensure timely and compliant delivery.

Given the robustness of trade in some large urban areas, it is entirely possible to earn a living from buying and selling bitcoin

Reliance Bancshares in St. Louis has named a new chief executive for its bank unit.

California Republic Bancorp in Irvine has securitized and sold $238 million of notes backed by its car loans.

The NCUA has approved the mergers of several struggling credit unions, including four more in California.

F&M Bank Corp. (FMBM) in Timberville, Va., has named new chief financial and administrative officers at its bank unit as part of a series of promotions.

The business credit card sector, which was on life support near the end of the recession, appears to be strengthening.

First PacTrust Bancorp (BANC) in Irvine, Calif., is planning to raise about $46 million through a sale of common stock.

The Onion, a satirical news site, reported that chief executives from the largest financial institutions "are just about ready to completely destroy the world again."

Citi's social media guru Frank Eliason offers insights into how to pick social media partners, while consultants and lawyers share what's needed in any vendor relationship.

The Federal Trade Commission added eight new defendants to a credit card rate reduction case brought last year - including a payment processor that allegedly helped with the fraud.

The Federal Deposit Insurance Corp. has charged nine former directors of Southern Community Bank in Fayetteville, Ga., with approving risky loans that later led to its collapse in 2009.

The U.S. Chamber of Commerce is accusing the Consumer Financial Protection Bureau of breaking the law in collecting detailed information on individual credit-card accounts.

Lawsuit filings dropped dramatically in May in all three key consumer statute categories - Fair Debt Collections Practices Act, Fair Credit Reporting Act and Telephone Consumer Protection Act, according to WebRecon LLC, a Grand Rapids, Mich.-based company that tracks the data from U.S. district courts.