Banking

Manufacturers of PIN entry devices have received updated Payment Card Industry security requirements.

Deloitte Corporate Finance has acquired McColl Partners, a middle-market investment bank founded by retired Bank of America Chief Executive Hugh McColl.

Wells Fargo (WFC) has been acquitted by a jury of giving kickbacks to a real estate firm in exchange for mortgage business.

Capital One Financial (COF) is on a mission to become one of the nation's top players in equipment-financing as has roughly doubled the size the division over the last two months.

The constant pillorying of banks can hardly inspire public confidence in them. Regulators should focus, instead, on peer comparisons and the encouragement of effective policies and procedures.

Union First Market Bankshares in Richmond, Va., has agreed to acquire StellarOne in Charlottesville, Va.

Wilshire Bancorp in Los Angeles has agreed to buy BankAsiana in Palisades Park, N.J.

American Express and ShopRunner are promoting a system designed to mitigate online 'cart abandonment' as more e-commerce moves to mobile devices.

The Office of the Comptroller of the Currency closed the $437.3 million-asset Mountain National Bank in Sevierville, Tenn., on Friday.

After years of housing finance reform efforts languishing in Congress, a draft bill by Sens. Bob Corker, R-Tenn. and Mark Warner, D-Va., appears poised to become the catalyst for finally moving ahead on a way to overhaul Fannie Mae and Freddie Mac.

IMGCAP(1)]

Sen. Elizabeth Warren, D-Mass., said the Federal Housing Finance Agency's objection to certain short sales designed to keep original borrowers in their homes is misguided.

Promontory Financial Group has named David Gordon, a former Capital One Financial executive, its chief technology officer.

Credit unions can now pull back the curtain on the so-called "legacy assets" and gain a better understanding of the performance of the securities that were once held by the five failed corporate credit unions.

Fifty-six percent of U.S. adults own a smartphone of some type — up from 35% of adults two years ago, the Pew Research Center said in a report released Wednesday.

Florida's attorney general has threatened to sue Bank of America for violating the national mortgage settlement.

Leading into Apple's annual Worldwide Developers Conference, starting Monday in San Francisco, a patent application surfaced that provides fresh details on Apple's approach to mobile payments.

Big banks grab headlines with large commitments to small businesses but, when compared total assets, many community banks are setting the pace.

Loan yields are still healthy relative to funding costs. It’s the pileup of low-rate bonds on bank balance sheets that has crimped profit margins.

A new survey indicates people are starting retirement with record amounts of debt, while counting on borrowing to cover expenses in retirement.