Banking

More needs to be done to reduce the compliance burden so these banks can fully serve their communities.

Peyton Patterson. Cathy Nash. Al de Molina. These and other names surfaced as possible successors to John Koelmel, who was ousted this week as CEO of First Niagara in Buffalo, N.Y.

Examiners are noticing more competitive pricing and instances where banks are relaxing repayment and collateral requirements.

The Consumer Financial Protection Bureau is planning a crackdown on the interest rate markups that auto dealers add onto the cost of car loans. Although it's dealers who originate the loans, the CFPB lacks the authority to regulate them directly. Bankers fear that as a result the agency will turn its focus to holding them accountable for monitoring loans made by the dealers with whom they work.

Standard Chartered has been forced to retract comments by its chairman that the U.K. bank's laundering of hundreds of billions of dollars on behalf of Iran was inadvertent.

TD Bank was the victim of a cyberattack this morning that rendered its mobile banking and online banking systems inoperable, a spokesperson confirmed.

Dale Diederick, 1st Capital's senior credit officer, is set to take over the new role, 1st Capital said Thursday.

Huntington Bancshares (HBAN) has promoted a veteran executive to be its director of commercial real estate.

A judge in New Jersey limited Spencer Savings Bank's ability to control the process for director nominations.

Ally Bank said Thursday that it plans to sell a portfolio of mortgage-servicing rights to Quicken Loans for approximately $280 million. The loans have an unpaid principal balance of $34 billion as of Jan. 31 and are expected to be refinanced after the sale.

One of the first successful adopters of in-store mobile payments and digital rewards, Starbucks plans to launch new initiatives that will expand the company’s loyalty and payment programs across channels.

CIO Charaka Kithulegoda explains in an interview how and why Canada's largest online bank is letting people bank through Facebook.

Yadkin Valley Financial (YAVY) in Elkin, N.C., is selling a branch to Union Bank & Trust Company in Oxford, N.C.

Money was never meant to be a method of supranational identity tracking. Its use in that way could signal law enforcement desperation. When all other tactics fail, surveil the finances.

Banks often disclose the nature of their largest lending relationships in regulatory filings, and the level of detail is interesting. Here are some notable examples.

Quiet financial markets permit greater leverage and risk taking, helping lower volatility further — until a large shock arrives. Then, hold on to your hats… Plus: Fed raises bar on stress tests; why the exercise is an opportunity for banks.

METAIRIE, La. – Louisiana Corporate CU has selected FI Compliance Solutions to supply the $1.2-billion corporate credit union with enterprise risk management services.

PNC Financial Services Group (PNC) has named the next chief executive for its mortgage lending unit.

A push is on in Congress to reinstate a program that allowed small businesses to refinance commercial mortgages using government-backed funds.

Reps. Maxine Waters, Carolyn Maloney and 44 other lawmakers introduced a bill Wednesday to address numerous concerns about overdraft fees.