Banking

The riskiest loans get priced out of Fannie and Freddie securities and end up guaranteed by the FHA. We are merely shifting risk from one set of federally insured entities to another.

Fiserv said Thursday it has teamed with ChannelNet, a maker of private-label web portals, to give financial institutions the ability to set up online sites for administering loans.

Citigroup has rolled out a new version of its corporate online banking system.

Mobile payment provider Payleven is adding two new features to lure larger businesses—the ability to manage multiple chip-and-PIN card readers from a single master account and support for both mobile and stationary printer systems.

If you're looking for Swedish cash, don't go to a Swedish bank. Most of the country's biggest lenders have stopped manual cash-handling services in 65 percent to 75 percent of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.

The nation's biggest banks have a message for the government on efforts to bolster cybersecurity protections: We're already facing plenty of standards.

Green Dot chief financial officer John Keatley plans to resign on Sept. 1, the prepaid card company announced in a regulatory filing.

Commerce Bancshares in Kansas City, Mo., reported lower quarter earnings because of lower interest rates.

Rep. Marsha Blackburn introduced legislation to strengthen the nation's safeguards against cyberattacks while a House panel passed a measure to promote sharing of information about cyber threats.

The exchange rate may be volatile now, but as the market eventually finds equilibrium and stabilizes, bitcoin will become an important store of value beyond restriction and confiscation.

The retailer-driven Merchant Customer Exchange mobile payments venture is making a lot of noise, though it has yet to reveal its product. But since the final MCX app will interact with those made by its individual retailers, CVS Caremark Corp. can serve as an early example of the venture's potential.

Investors pay attention to banks' dealing with relatives of executives and directors. Many of those details are highlighted in annual proxy statements. Here are some high-profile examples.

Foreclosure notices surged last month in states where courts oversee home seizures, slowing the process and causing prices to lag behind in the U.S. housing recovery, according to RealtyTrac.

Companies that trade the digital currency Bitcoin for dollars have suffered from disruptions and lags as the exchange rate has whipsawed.

CEO Michael Corbat presided over an executive-studded branch opening in Washington on Wednesday, promoting Citigroup's commitment to tech-heavy urban locations even as the bank closes branches elsewhere.

AmericanWest Bank in Spokane, Wash., has promoted an insider to oversee its expansion into Oregon and northern California.

CrossFirst Holdings in Leawood, Kan., has wrapped up a $22 million private placement.

Constraints on fees for arranging loans will encourage car dealers to charge more for other products and services to make up lost revenue.

The Consumer Financial Protection Bureau on Wednesday published a compliance guide for small banks and mortgage lenders to better understand and comply with a rule that requires lenders to ensure borrowers have the ability to repay a loan as well as creates a separate class of loans known as "qualified mortgages."

A new report recommends that banks should add prepaid cards to their products if they want to attract younger customers.