Banking

Regulators' plans to force banks to consider a borrower's ability to repay small-dollar, short-term advances on their direct deposits and limit the frequency of borrowing would likely upend current business practices.

The Treasury Department is neglecting its Troubled Asset Relief Program initiatives to boost small business lending and provide viable loan modifications, the program's special inspector general says.

Christopher Ewing has been named the bank's chief risk officer and will remain chief operations officer, Virginia Commerce said Tuesday.

Zions executives may have wished they never bought a failed bank after a painful conversation with analysts to explain a special charge related to old FDIC deals.

Elmira Savings Bank (ESBK) in New York has promoted Thomas Carr to become its president. Carr, 44, will remain chief operating officer, a role he has held since 2005.

Republican senators accused the Consumer Financial Protection Bureau on Tuesday of invading consumers' privacy while gathering massive amounts of data from financial companies.

With bitcoin in the media spotlight, everyone seems to have an opinion on the price. Few recognize the profound implications of decentralized money for the monetary system, society and government – not to mention the emerging business opportunities.

Wells Fargo now gets a third of its fee revenue from its relatively small investment-management and brokerage businesses. Executive David Carroll explains how Wells is getting more business from its wealthy — but not too wealthy — customers and is seeking acquisitions in this market.

Though profitable, Synovus is still trying to hit its stride. Still, CEO Kessell Stelling told analysts that he wants to make acquisitions at some point in the future.

The economist Friedrich Hayek famously advocated competitive issuance of money. Dave Birch of Consult Hyperion says this may soon come to pass, with multiple currencies, public and private, serving as means of exchange and stores of value. Are you ready to pay for purchases in kilowatt hours?

Roam Data Inc. has updated its mobile app to allow merchants to operate a complete point of sale system from smartphones or tablets.

American Express Co. is issuing EMV chip-and-signature cards to its corporate card customers in the U.S. starting in the first half of 2013.

ACI Worldwide (ACIW) has released a mobile-banking program for the iPhone and Android smartphones.

Hundreds of thousands of homes are being withheld from the market, raising questions about whether the recent run-up in housing prices is artificial.

Executives at Discover Financial Services sought to temper investor expectations of quick results from its partnership with PayPal, instead emphasizing the long-term benefits of the alliance, as well as other ongoing initiatives.

Shareholders of Atlantic Coast Financial (ACFC) will no longer have to wait a year for 40% of their payout.

CipherCloud announced Tuesday that it's expanding its cloud information protection platform.

The terminal maker VeriFone Systems Inc. has signed a two-year contract with China Payment and Remittance Service to provide managed services for up to 100,000 of the company's point of sale devices.

Financial services companies are dedicating a growing portion of their software budget to regulatory compliance, a new survey shows.

Nearly a quarter of owners of companies with less than $10 million in annual revenue want their bank to make adjustments to meet their individual needs, according to a survey.