Banking

Fifth Third Bancorp in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.

Executives at Heritage Commerce and Pacific Continental on the West Coast and Texas Capital Bancshares are catering to niche customers and building market share close to home instead of taking grand steps to expand.

Small banks’ perch in small-business lending is being steadily eroded by large, credit-card issuing competitors.

Banking technology firm SunGard has rolled out an ATM and card reconciliation system.

CardFlight aims to make in-person purchases easier by enabling merchants to accept swiped card payments within their own mobile apps.

Chief Executive Brian Moynihan faced angry comments from more than 30 shareholders, but most criticized the company's financing of the coal industry, not its mortgage servicing or foreclosure practices.

U.K. retail giant Marks & Spencer is claiming big results in emerging payments technology.

It’s the first financial services firm to deploy passive voice biometrics as the primary way of authenticating wealth management customers who call in, according to vendor Nuance Communications.

Which financial institutions "get" LinkedIn? Jennifer Grazel, the social media network's global head of category development for financial services, offers up several examples.

More than 60% of the banks still remaining in the Troubled Asset Relief Program have been labeled "problem" institutions by the Federal Deposit Insurance Corp., casting doubt on their ability to repay the Treasury Department before the program is wound down.

Fiscal third quarter earnings at BofI Holding, the $2.9 billion-asset parent of BofI Federal Bank in San Diego, rose 37% from a year earlier, to $10 million or 74 cents a share.

DENVER – A lawyer for NCUA told a federal appeals panel this morning that billions of dollars in claims related to the corporate credit union bailout rely on whether the courts allow it to extend the nominal statute of limitations on securities claims until after it and the banking regulators take over failed institutions.

New reports from Fannie Mae and Freddie Mac show the value of a government guarantee on multifamily mortgages.

A new bill proposed in the Senate, the Deter Cyber Theft Act, is meant to help prevent nation-states from stealing U.S. business secrets.

Mega-banks are feeling pressure from shareholders and the public in ways that seemed unlikely even a few weeks ago.

Monarch Community Bancorp in Coldwater, Mich., plans to raise $16.5 million through a private placement.

Firstbank in Alma, Mich., plans to redeem its remaining Troubled Asset Relief Program shares for $17 million.

Freddie Mac will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company's history.

Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.

Payments processor Elavon has named Simon Haslam its chief executive officer. Haslam had been the head of international markets for the U.S. Bancorp unit.