Banking

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

Stieven, who has followed banks 30 years, managed a portfolio teeming with bank buyers. Still, he cautions against deals that only build scale.

The designer, reality television star and daughter of Donald Trump will not seek re-election to Signature's board, due to her "highly demanding schedule."

A consumer advocate is warning everyone to allow more time for online banking transactions amid a wave of cyberattacks on financial institutions.

The bank has created an electronic process for consumer loans that's being extended to small-business signature cards and many other areas of the business.

Big banks and their CEOs are facing lots of questions at their upcoming shareholder meetings, but the stakes might be higher for community and regional banks.

WASHINGTON — The Obama administration is estimating that the Federal Housing Administration will likely require almost $1 billion in additional funding from the Treasury Department to shore up its capital reserves later this year.

Bank of the West is putting a big focus on small-business lending while waiting for the sluggish loan growth environment to improve, says Andy Harmening, a senior executive vice president and regional banking group head. Harmening spoke to American Banker at the annual Best Practices in Retail Banking Symposium.

Bank of Montreal, Canada's fourth-biggest lender, intends to add 1 million customers annually, Chief Executive Officer William Downe said.

Mobile banking apps from Capital One and DBS Bank of Singapore shared first place in a new study of 50 global banks’ smartphone offerings for private banking clients.

Equipment financing, once viewed as cost-prohibitive for smaller banks due to the financial commitment required to build in-house teams, has become more attractive due to opportunities to work with outside firms.

"Financial literacy" typically means educating the unbanked. For Wells Fargo's David Carroll, it means turning the already-banked into prospective wealth-management clients.

First BanCorp (FBP) in San Juan, Puerto Rico, has scrapped a plan to swap common stock for a certain type of preferred stock.

With the proliferation of smartphones and tablets, there is an expectation among bank customers that they should receive instant deals and offers, says Parag Ladhawala, a senior business leader at Visa.

The South African banking-security firm Entersekt has joined a group of companies seeking to develop alternative methods of online authentication.

Astoria Financial (AF) in Lake Success, N.Y., is planning to redeem $125 million in debt.

Century Bancorp (CNBKA) in Medford, Mass., reported higher first-quarter results from lower credit costs and securities gains.

Young families looking to put down roots in a community must be served if we are going to grow our economy and sustain the housing recovery.

Fiserv (FISV) has upgraded its asset-management system, making improvements to its trading capabilities, user interface and model-data reporting.

A federal judge is set to rule soon on whether merchantsobject.com is misleading U.S. retailers. The ruling carries important implications for the proposed multibillion-dollar settlement over credit card interchange fees.