Banking

Companies know that data breaches can be costly but still struggle to prepare for them, a new survey by Experian and the Ponemon Institute finds.

Eric John Abrahamson, author of "Building Home: Howard F. Ahmanson and the Politics of the American Dream," talks about what lenders today can learn from Howard F. Ahmanson's story.

Corporate payments services provider Wex will now offer its travel booking and payment automation service to businesses in Brazil.

U.S. Bancorp is developing a voice command mobile application to allow users to speak payment-related commands into the mobile device.

FirstMerit in Akron, Ohio, reported higher first-quarter earnings thanks to better fee income and lending as well as lower expenses.

Signature Bank posted higher quarterly profit after adding more loans and deposits.

UMB Financial in Kansas City, Mo., posted solid quarterly results on loan growth and lower credit costs.

Discover Financial Services (DFS) beat its earnings expectations as its loans and grew and credit card delinquencies hit an all-time low.

Verizon has released its eighth annual Data Breach Investigations Report, and – no surprise – banks are at the top of the list of companies besieged by cyber threats.

ST. LOUIS – Missouri Corporate CU announced this morning Dennis DeGroodt will retire as CEO of the $1.2 billion corporate credit union July 31 and will be succeeded by Kathleen “Kitty” Gray, its chief financial officer.

Synovus Financial (SNV) in Columbus, Ga., reported lower first-quarter earnings because of pressure on its net interest margin.

Ahmanson had seen men get rich by focusing on the government's priorities. Now it wanted homes and mortgages. He would build a business to meet this demand.

Pacific Mercantile Bancorp in Costa Mesa, Calif., has a new president and chief executive.

Wilshire Bancorp (WIBC) in Los Angeles reported lower quarterly earnings, but when a tax benefit was excluded, its results were relatively unchanged from a year earlier.

Regions Financial Corp., Alabama's biggest bank, said first-quarter profit rose 68 percent, beating analyst estimates as the lender cuts costs and reduced provisions for loan losses.

Eighteen states and the District of Columbia have legalized medical marijuana, and some dispensaries enjoy millions of dollars in annual sales. However, such establishments may not be ideal clients for ISOs unless they and their sale agents exercise caution, say those who work with the medical marijuana industry.

Ian Hermon, product marketing manager at Plantation, Fla.-based Thales e-Security Inc. spoke to PaymentsSource about the obstacles and options facing the U.S. payments industry during its multiyear migration to EMV cards.

Profit fell at BancorpSouth (BXS) in Tupelo, Miss., on declining net interest revenue and a hefty charge for legal expenses.

Georgetown Bank in Massachusetts has named Philip Bryan its chief operations officer. Bryan had been Georgetown's chief lending officer since joining the company in 2010.

Hundreds of protestors showed up at the home of Edward DeMarco, acting director of the Federal Housing Finance Agency, calling for an end to his tenure with an already penned resignation letter awaiting his signature.