Banking

Corduro has added technology to its PayMobile app to locate and attract nearby customers when a merchant's business is slow.

Home repossessions in the U.S. jumped 11% in May after declining for the previous five months as rising prices and limited inventory for sale across the country spurred banks to complete foreclosures.

GAINESVILLE, Fla. – Florida CU has purchased an empty Regions Bank branch in front of a Walmart store and is renovating it for its ninth branch.

BURBANK, Calif. – Partners FCU, a Disney employees’ credit union, said it opened a new branch for the approximately 10,000 cast members who work at Disneyland and Disney California Adventure Resorts.

Regulators are focusing attention on ensuring community banks have proper security systems in place in the wake of a string of cyberattacks on megabanks.

The New York based company said Wednesday it had secured the funding from a group of investors led by Venrock and Institutional Venture Partners.

During congressional testimony, an FBI official said since 2002 the number of computer intrusion cases the agency has investigated has risen by 84 percent.

After spending recent years repairing its balance sheet, Hanmi Financial (HAFC) is again looking to grow. To do so, it's eyeing markets that Korean-American lenders have traditionally neglected.

Shareholders took a big gamble that Atlantic Coast Financial in Florida can raise enough capital to save itself when they rejected a buyout offer. There are more funds to be had these days, but they are harder to get, experts warn.

A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.

Four Corners Community Bank in Farmington, N.M., has agreed to buy Citizens State Bank of Cortez in Colorado.

The private equity firm Milestone Partners has sold Mariner Finance, a former division of Baltimore's First Mariner Bancorp.

WICHITA, Kan. – The FDIC told a federal court here this morning it should allow NCUA to extend the nominal statute of limitations on securities claims against several Wall Street banks that sold mortgage-backed securities to five failed corporate credit unions because the 1989 S&L Bailout law allows for the extension.

The Federal Deposit Insurance Corp. and Consumer Financial Protection Bureau have launched "Money Smart for Older Adults" with tips on preventing identity theft and other common scams and how to prepare financially for life events.

Visa Inc. and Ethoca Ltd. have partnered in an effort to thwart online payment fraud attempts, which they expect to increase as the U.S. shifts to the EMV-chip card standard at the point of sale.

United Community Financial in Youngstown, Ohio, has raised $5 million of capital and announced plans to reshuffle the executive team at its bank.

Royal Bank of Scotland Group Chief Executive Stephen Hester is leaving the company later this year.

John Thain, chief executive officer of CIT Group, said the logic of selling his company to a larger bank is "obvious," while declining to comment on whether such a deal has been discussed.

Sometimes it takes a technology death to inspire a better process.

As more banks look to equip their branch employees to handle all of their customers' needs, experts offer tips on how to ease the transition.