Banking

Fees from advising wealthy households propelled First Republic Bank (FRC) in the first quarter.

LOS ANGELES – A federal court today dismissed civil negligence charges against Todd Lane, who had been chief financial officer of WesCorp FCU, as NCUA approved an out-of-court settlement with the last of what was once 16 defendants in the case sprung out of the collapse of the $34 billion corporate credit union.

CFO Rene Jones says the two companies will "do whatever we need to do" to complete the merger, which has been delayed by the Federal Reserve Board's concerns with M&T's anti-money-laundering policies.

Mark Zandi, the chief economist for Moody's Analytics, has emerged as a contender to lead the Federal Housing Finance Agency as the White House searches for a replacement for Acting Direct Ed DeMarco, according to news reports.

Virtual Piggy Inc., an alternative payment provider for teens, announced three new members to its board of directors.

Expect the rate of terminated enforcement actions to increase in coming months as more banks get a handle on their problems, industry observers say.

ClosingCorp, which provides closing-cost data and services to mortgage lenders, has released a product designed to offer more accurate pricing for real-estate services.

The Treasury Department plans to auction its holdings in eight more banks as it continues to unwind Troubled Asset Relief Program holdings.

Nearly a third of mutual thrifts recently told the American Bankers Association that their regulator lacked a good understanding of their business.

The requirement is a symptom of a larger problem: Inherently local knowledge is needed for most of the regulations tasked to regulators in Washington.

IMM announced Monday enhancements to its electronic document presentment and electronic signature platform called TotaleAtlas.

Policymakers came back from the Easter recess loaded for bear, as President Obama released his budget and Senate Democrats dug into the independent foreclosure reviews. Here are the six stories in regulation and reform that you shouldn't have missed last week.

Bank of America Merrill Lynch has launched a new user interface for Works, the institution's online program management tool for commercial card clients in the U.S. and Canada.

Higher revenues and lower expenses provided a boost to first-quarter results at Webster Financial (WBS) in Waterbury, Conn.

The $1.4 billion-asset unit of First Mariner Bancorp (FMAR) said Monday that the FDIC had terminated an April 2009 cease-and-desist order requiring the bank to comply with fair-lending practices.

Iberiabank in Lafayette, La., will record a $32 million charge for the first quarter because of delays in the repayment of loans it bought from failed banks.

Just as parents use prepaid cards to control their teens' spending, employers are increasingly distributing the reloadable plastic cards to workers to use for paying work expenses.

Cyberattacks against banks show no signs of abating. But services and technologies are out there that can help banks stop the bleeding. First in a series of three analytical features on the cyberattacks against banks.

Chemical Financial (CHFC) in Midland, Mich., reported higher first-quarter profit because of an increase in fee income.

Less than three years ago, Visa described a financial institution's request to issue EMV-chip cards as "a unique situation" and "not an everyday query." Times have certainly changed.