Banking

The threat of cyberattack is an increasingly hot topic in Washington, but political interest alone appears unlikely to provide enough momentum to get cybersecurity legislation supported by banks passed this year.

A decade after changing its name to reflect a broader geographic reach, ISB has reverted to its former name, Ixonia Bank.

A Chilean bank's plan to keep the Miami bank intact is a better outcome for the market than a sale to an existing regional bidder, industry observers say.

Retailers and the major card brands are throwing more legal punches at each other over the controversial proposed $7.25 billion swipe-fee settlement in a years-long anti-trust case.

JPMorgan Chase (JPM) has hired Travis Machen from Morgan Stanley (MS) to run a group that provides banking for financial institutions.

The long-held notion that community banks, by definition, provide exceptional customer service is getting debunked.

The credit rating agency on Tuesday changed its outlook on the U.S. banking system to stable from negative, citing an improving economy and strengthening balance sheets at many institutions. Its rating on banks had been negative since 2008.

New York City's newest public-transit option, which allows commuters to rent bicycles to get to work, got its first real road test today. Citigroup is contributing $41 million to be the chief sponsor and namesake, and MasterCard Inc. is behind the program's $6.5 million payment system.

Liberty Reserve SA and seven individuals were indicted in what federal prosecutors in New York called an international money-laundering conspiracy that handled more than $6 billion in criminal funds.

In an increasingly crowded mobile card reader market, American Express Co. and Groupon have given a double-digit million euro investment to SumUp.

A D.C. lawyer helps sift through regulators' specific requirements and what complying with them will mean in real life.

Google is adding a Chrome Wallet App to allow payments within apps that run in Google's Chrome browser.

Either prepaid will move to mobile or prepaid will have to be repositioned toward a more value-added proposition.

It didn't take long for Live Oak to explode onto the SBA lending scene. Though it has just $330 million in assets, CEO Chip Mahan's latest banking venture trails only Wells Fargo and U.S. Bank on the government's list of the most active SBA lenders.

A federal jury convicted three former executives at the failed Bank of the Commonwealth in Norfolk, Va., of hiding the bank's bad assets for their own gain.

Fidelity National Financial (FNF) announced Tuesday that it acquired Lender Processing Services (LPS), confirming rumors that the two had been making plans to make a deal worth $2.9 billion.

Anchor BanCorp Wisconsin (ABCW) in Madison lost $17.5 million in the first quarter despite an improvement in credit quality.

The CFPB has made fair lending a top priority. To avoid problems, scrutinize the agency’s view of the laws, proactively analyze policies and document the reasons behind your loan decisions.