Banking

The banking giant is conducting research aimed at helping it develop products and services that would meet the needs of customers with annual incomes of less than $50,000.

TD Bank has agreed to pay $44 million to settle allegations that it aided a South Florida lawyer's $1.2 billion Ponzi scheme.

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

Shareholders who hoped proxy firms ISS and Glass Lewis would help them decide on Bond Street's controversial $5-per-share offer for Atlantic Coast Financial in Florida are out of luck: ISS says "aye," while Glass Lewis says "nay."

A move to strengthen and centralize the collection of delinquent accounts owed to Louisiana state agencies received the support of state lawmakers Thursday and now heads to Gov. Bobby Jindal.

Though Apple doesn't have a dedicated mobile wallet, its plans for mobile payments are at least as old as the iPhone itself. Here is a rundown of the many ideas Apple has explored in its mobile payment patents.

Raj Date, the former deputy director of the Consumer Financial Protection Bureau, plans to work with banks to create cheaper short-term loans for cash-strapped customers, despite mounting regulatory scrutiny of the products.

Software firm Kofax has released an application that helps analyze its image-capture system.

A crackdown on payday lending looks increasingly likely and risks sending low-income consumers in search unregulated financing options on the Internet and abroad. That threat is a key topic of discussion at American Banker’s Underbanked Financial Services Forum, which wraps up Friday in Miami. National Editor Maria Aspan reports from the event.

Texas State Bankshares in Harlingen has agreed to buy Border Capital Group in McAllen in a merger of South Texas lenders.

EVO Payments International LLC has completed its acquisition of Deutsche Card Services, which was a subsidiary of Deutsche Bank.

Former HP executive Andy Mattes sees opportunity for Diebold in U.S. branch technology, ATMs in India, and electronic security in Turkey and Asia.

Jean Smith, a local kid who grew up to run branches in the New York borough for JPMorgan Chase, has spent her retirement years teaching nonprofit BronxWorks how to tap private-sector funding.

The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.

A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.

Banks are behind many of the faulty or nonexistent records that lead collections companies to erroneously demand debt repayments. That was a key message from regulators, consumer advocates and collections insiders at a Thursday panel.

Taylor Capital Group in Chicago has hired a new chief compliance officer for Cole Taylor Bank.

Waterstone Financial (WSBF) in Wauwatosa, Wis., is planning a second-step conversion.

Regulators said Thursday they have formed a working group to enhance coordination between federal and state banking agencies on cybersecurity.

An analysis of Microsoft's takedown of a cyber fraud ring that stole hundreds of millions of dollars from bank accounts brings to light the growing sophistication of malware and keylogger makers, who mostly manage to stay a step ahead of antivirus software designers and corporate security officers.