Banking

Yadkin Valley Financial in Elkin, N.C., tapped fee income to return to profitability.

Higher revenue and lower expenses lifted United Bankshares (UBSI) inn Charleston, W.Va., in the first quarter.

Capital One agreed to pay $3.5 million to resolve U.S. regulatory claims the bank set aside inadequate reserves for auto loan losses in 2007.

COLONIE, N.Y. – CAP COM FCU on Tuesday night received final approval to build a new three-story, 118,400-square-foot office here.

Avant-Garde Marketing Solutions (AGMS), a merchant service provider, will sell and deploy a number of Ingenico’s new countertop terminals, including those that handle EMV-chip card payments.

A consumer watchdog group in Canada is speaking out in support of the major card brands in response to an argument brought by the country's Competition Bureau on behalf of retailers.

Sens. David Vitter and Sherrod Brown are courting a key constituency — small banks — that they hope can help build support for their legislation to tackle "too big to fail."

A panel this week at the CEB TowerGroup conference in Boston debated the convenience-versus-security aspect of fighting fraud.

Oriental Financial Group (OFG) in San Juan, Puerto Rico, is being rebranded as OFG Bancorp.

Promontory Financial Group has hired Linda Gallagher, the head of KPMG's financial services regulatory department, as head of its consumer protection practice.

Wells Fargo is the latest big bank to try to get more revenue from its wealthiest clients by offering them fee-intensive investment-management products. But Wells and its wealth-management competitors, including JPMorgan Chase and PNC, also have to overcome their reputations and customers' reluctance to trust big banks.

The central bank is facing criticism from consumer advocates over its failure to sign onto a plan by other banking agencies that would put tight restrictions on the loans.

Shareholders resoundingly approved Citigroup's executive compensation package and other proposals at the bank's annual meeting on Wednesday, but CEO Michael Corbat sees more challenges ahead.

Rep. Michael McCaul, R-Tex., said Wednesday he plans to introduce a bill that would clarify the Department of Homeland Security's role in receiving information about cyber threats from companies.

High-profile investor Jay Sidhu says he still plans to vote against the sale of Atlantic Coast in Jacksonville even though Bond Street has agreed to pay shareholders $5 a share up front, instead of withholding $2 a share for a year to cover litigation costs.

Monarch Financial Holdings (MNRK) in Chesapeake, Va., has made five executive promotions, including the appointment of a new chief credit officer

ZooZ, an Israel-based mobile payment company, has secured $2 million in a Series A financing round from supporters XSeed Capital, Lool Ventures and Rhodium. The company's funding now stands at $3.5 million.

In the wake of a successful pilot, Discover announced Wednesday that it is offering bank software vendor Fisoc's debit rewards program, Buzz Points, to its issuing banks.

Total System Services Inc. is adopting a new infrastructure for card issuing, updating its existing "black box" to allow issuers to more quickly launch new products and services and provide a single view of consumers across multiple relationships.

NCR said its Skimming Protection Solution product can prevent so-called skimming attacks, in which a thief installs a card slot on an ATM with the goal of swiping data embedded on a card's magnetic strip.