Banking

SAN DIEGO – Navy FCU opened its first new branch of the year – and its first “green,” or LEED-certified branch – at Marine Corps Air Station Miramar.

More than 300,000 people have signed a petition calling on the Obama administration to "repudiate" Attorney General Eric Holder's remarks suggesting some banks are "too big to jail."

Consumers continue to move to mobile banking although security concerns may keep some bank customers from reaching for their devices.

First Mariner Bancorp (FMAR) in Baltimore has revised downward its earnings for the fourth quarter and full year of 2012.

Accounting for utility and car expenses would help lenders make better loan decisions, encourage homebuyers to select affordable houses and support a more sustainable housing market.

BancVue in Austin, Texas, has acquired a business to expand its leasing capabilities.

State banking regulators are asking the Consumer Financial Protection Bureau to be flexible in its definition of a "rural" market when determining when a community bank is eligible to make a balloon loan.

Industry observers are hopeful that CEOs will use quarterly conference calls to outline plans to aggressively unload bad assets in coming months.

Bank of America and the National Credit Union Administration reached a $165 million accord to cover losses on purchases of residential mortgage- backed securities by credit unions that failed, the agency said.

The global technology services and consulting company said Tuesday it has agreed with UniCredit to manage an entity the companies have formed to oversee the Milan-based bank's receivables, payables and asset-management functions.

CorTrust Bank in Mitchell, S.D., recently bought a bank near Minneapolis and plans to do more deals there. It, like a lot of community banks, is trying to expand into new markets without repeating the precrisis mistakes that doomed many of its peers.

Regions Bank said Tuesday that roughly 700 of the company's 2,000 automated teller machines now enable customers to cash checks.

ING Bank announced Tuesday it has appointed Ron van Kemenade as its new CIO. Kemenade most recently served as the CIO of ING's Netherlands operations.

Customers Bancorp (CUUU), led by Chairman and Chief Executive Jay Sidhu, has applied with the Federal Reserve Board to open an office at 99 Park Avenue in Manhattan.

GulfShore Bancshares in Tampa, Fla., has raised $6 million by selling stock, intending to use the proceeds to fund its bank's growth and fuel lending to local professionals and businesses.

Craig Linville, vice president in the appraisal department at Bank of North Carolina in High Point, found out the hard way that sometimes a bank can grow too quickly for its own good.

The best sales folks realize rejection isn't a sign they’re bad at their jobs. It's a sign they are actually out there doing their jobs.

Fannie Mae reported the largest annual profit in company history as a housing rebound helped the firm stop drawing federal aid.

ALEXANDRIA, Va. – NCUA this morning announced a $165 million settlement with Bank of America over claims that mortgage giant Countrywide, which BofA acquired in 2008, sold faulty mortgage-backed securities to failed corporate credit union giants U.S. Central FCU and WesCorp FCU.

Online merchants reacted to Visa's creation of 3D Secure to protect card-not-present transactions more than a decade ago with a resounding thud. But the software has become a viable option to protect card data online, according to a new report from Aite Group.