Banking

The Federal Reserve Board has terminated an enforcement action against East Dubuque Bancshares in Illinois and its bank.

Bankers these days face the prospect of getting penalized for everything from "disparate impact" to the actions of auto dealers and other third-party partners. That raises the question of whether such regulation is effective, enforceable or fair.

The security services unit of Stanley Black & Decker (SWK) said Monday it has formed a partnership with EyeLock, a developer of identity management software that authenticates people by scanning their irises.

American Express is making its Bluebird prepaid card an even closer competitor to banks by adding FDIC insurance and increasing account limits to the prepaid card.

Almost three quarters of America's 50 largest credit unions offer free checking accounts with no strings, Bankrate.com found in a recent survey.

Bell State Bank & Trust in Fargo, N.D., has chosen Mobiliti, Fiserv's mobile banking service.

NCR is launching NCR Aloha Mobile, which allows restaurants to deploy tableside mobile systems for handling meal orders and payments.

M&T Bank (MTB) will take over the lease at a Buffalo-area mortgage facility that Bank of America (BAC) plans to close this spring, according to a report.

Plastiq's service asks consumers to pick up the cost of card acceptance. It presents a service fee that is added to the transaction amount, much like sales tax is typically added at the point of sale.

A recent wave of high-profile executive departures highlights the need for boards to regularly review succession plans and develop future leaders in an environment where top-level talent is limited.

The difference between board members with hands-on banking, compliance and technology knowledge and board members without can mean the difference between a bank's success and failure.

Chief executive jobs become available all the time at banks of various sizes. Here is a pool of hot candidates, based on discussions with executive recruiters.

Yadkin Valley Financial (YAVY) in Elkin, N.C., is seeking shareholder approval for a three-to-one reverse stock split.

Sen. Tim Johnson, chairman of the Senate Banking Committee, is expected to announce at a press conference tomorrow that he will retire when his term ends next year.

Most of the $45 million value of 1st United Bancorp's deal for Enterprise Bancorp is a gamble by Enterprise shareholders that they can keep and collect on Enterprise's problem assets. It's a clever way to avoid a common dealbreaker.

Tim Pawlenty, the CEO of the Financial Services Roundtable, says that complying with new regulations is the foremost concern for retail bankers. He spoke with American Banker at the Best Practices in Retail Financial Services Symposium.

American Express (AXP) said Monday that it plans to repurchase up to 150 million shares of its own stock, in accordance with a proposal approved earlier this month by federal regulators.

Misys is launching a new suite of software aimed at helping banks better target and manage online and mobile customers.

Community Bank of Tri-County in Waldorf, Md., has named senior lending officer Todd Capitani its chief financial officer.

Two historical allies of the housing industry's push for more homeowners – the National Council of La Raza and the National Community Reinvestment Corporation – are now endorsing a cut in the mortgage interest deduction.