Banking

American International Group (AIG) won a request to return its $10 billion lawsuit against Bank of America (BAC) over mortgage securities to state court in New York.

Brenda Battey has been approved by the Federal Reserve Bank of San Francisco to be CFO of the company, it said Friday.

First Horizon National (FHN) in Memphis, Tenn., boosted profits by cutting costs in the first quarter.

Bank of the West in San Francisco is promoting a new program that will provide unsecured credit cards to foreign nationals who have scant records as borrowers in the United States.

Card issuers say they will wait for loan demand to return, content for now to live largely on the profits generated by swipe fees.

Alternative digital payments for the on-the-go consumer go well beyond the standard fare of Near Field Communication chips and QR codes. Here’s a look at some of the most imaginative mobile payments options devised.

The burden on small banks from a new escrow rule for higher-priced mortgages should be relatively small, according to guidance released by the Consumer Financial Protection Bureau on Friday.

The Federal Deposit Insurance Corp. has lifted a regulatory order from Macatawa Bank (MCBC) in Holland, Mich.

As DDoS attacks continue to cause online banking disruptions, experts share best practices on what to say to customers through social media channels. The second of a three-part series on the cyberattacks on banks.

Associated Banc-Corp of Green Bay, Wis., has made significant strides in its bid to become more efficient, but CEO Philip Flynn admits it has much more work to do.

Revenue is expected to strengthen at least a little in the second quarter, but cost-cutting is here to stay until the economy really improves.

If there's a sliver of good news to come out of the data breach affecting an estimated 2.4 million payment cards at St. Louis-based Schnucks grocery store chain, it's that the card data didn't come attached to a loyalty program.

Carolina Bank Holdings (CLBH) in Greensboro, N.C., has completed its exit from the Troubled Asset Relief Program.

Carver Bancorp (CARV) in New York will recruit out-of-work public-housing residents to work in its branches through a program funded by Morgan Stanley (MS).

The former Citigroup and Bank of America executive told attendees at a forum that the banking industry must diversify and embrace women as more than a niche market.

The Office of the Comptroller of the Currency's has decided that trust-only banks must first get FDIC insurance, a move that may drive greater interest in state trust charters and subject some parties to a federal freeze on nonfinancial firms owning limited-purpose banks.

Telling customers online banking is down is never easy. Explaining that online banking is down due to a cyberattack is even harder. Below are seven ways financial services companies are informing customers about DDoS attacks on digital platforms:

The Buffalo, N.Y., company is content to book loans and cut costs rather than expand aggressively with acquisitions.

Utimaco Safeware on April 23 plans to launch new security technology that uses open development techniques to protect parts of payment transactions.

Legislative efforts to strengthen the nation's cyber defenses are shifting to the U.S. Senate after passage of a controversial bill by the House of Representatives.