Banking

The famously outspoken CEO of JPMorgan Chase has kept relatively quiet during the last few months of shareholder pressure and regulatory scrutiny. On Tuesday, he tried to make up for lost time.

PayAnywhere will provide mobile credit card processing to Camp Masters, the popcorn brand sold by the Boy Scouts of America for fundraising.

Live Oak Bancshares is quickly expanding both sides of its business — announcing a partnership with Fidelity that will give its namesake SBA lender access to fresh investment advisor borrowers, and a $9 million round for its cloud-computing tech offshoot, nCino.

Many of bankers' concerns and fears about the FFIEC's proposed social media rules are unfounded, says Elizabeth Khalil, senior policy analyst at the FDIC.

Banks that still hold Tarp funds face the prospect of dividend rates rising to 9% from 5% at a time when many of those institutions are still struggling.

Urban Partnership Bank in Chicago has been designated a minority depositary institution by the Federal Deposit Insurance Corp.

M&A consolidation, improved portfolio performance and legislation leveling the playing field provide incentive for midsize banks to relaunch card programs.

The proposed sale of Atlantic Coast Financial in Jacksonville, Fla., did not sail with investors. Shareholders rejected Bond Street Holdings' $13.1 million, or $5-per-share, offer on Tuesday.

Rototype International has unveiled a system that can dispense cashier's checks on demand.

Green Dot (GDOT) has agreed to acquire the Wal-Mart-branded prepaid card business from GE Capital Retail Bank.

The cloud-technology company nCino has secured investments from some of the biggest names in banking in its first funding round.

Fannie Mae and Freddie Mac shareholders sued the U.S., alleging that the 2008 takeover of the housing lending giants was illegal and cost investors billions of dollars.

C&F Financial (CFFI) has agreed to acquire Central Virginia Bankshares. Both are in the Richmond, Va., area.

A dubious story about double-charging in Marks & Spencer, the retail home of the British middle classes, is worth examining to make sure similar misconceptions don’t spread in the U.S.

Chirpify, which handles payments over social media, is launching a direct payment processing option, overcoming its reliance on PayPal’s service.

Consumers today are social media addicts, and Getonic is aiming to use their Facebook and Twitter habits to the advantage of online merchants.

The Treasury Department has begun auctioning more than $51 million of stock that it acquired through the Troubled Asset Relief Program.

The FHFA has yet to post to its website any public comments related to a proposed ban on commissions and reinsurance agreements in force-placed insurance. So we're posting some obtained from key voices in the industry and government.

An RSA cybercrime expert walks us through a typical online/mobile banking attack with a new twist: an SMS forwarder that steals authentication codes.