Banking

A pending MasterCard "staged wallet" fee, set to take effect in June, is setting a new tone for the emerging payments landscape.

Cathay General Bancorp (CATY) in Los Angeles has repaid half the money it received through the Troubled Asset Relief Program.

Hackers paralyzed two of South Korea's biggest banks for hours on Wednesday, highlighting a threat to financial networks from electronic intrusions.

Shareholders of ECB Bancorp (ECBE) have approved the Engelhard, N.C., company's sale to Crescent Financial (CRFN).

The current M&A cycle has its first cautionary tale in John Koelmel and his departure from First Niagara. The Buffalo bank expanded rapidly but erred in its deal for the HSBC branches.

Members of the House Financial Services Committee raised concerns Wednesday about the current business environment for small banks, pressing regulators about the lack of bank charters in recent years and the effect of new rules on the industry.

A Federal Bureau of Investigation debacle that started with federal agents sending thousands of "national security letters" to banks, phone companies and others asking for customers' information has ended with a San Francisco federal judge ruling those actions unconstitutional, according to a post on The Heartland Institute's website.

Holding companies facing looming debt maturities are exposed to the risk of a forced sale or possible forfeiture of the stock of their bank subsidiaries.

VeriFone promoted its executive vice president of operations to the role of chief operating officer and appointed three other executives to regional president posts, the point of sale terminal manufacturer announced this week.

The next CEO at First Niagara Financial Group (FNFG), whether it ends up being interim leader Gary Crosby or someone else, will have his or her hands full overseeing the Buffalo company's comeback.

Freedom Credit Union in Pennsylvania has adopted the Teller Management System from Financial Management Solutions (FMSI).

FDIC Vice Chairman Thomas Hoenig reiterated his hope Wednesday for a big-bank breakup, and said ending the Transaction Account Guarantee program did not result in significant deposit transfers.

LANSING, Mich. – Lake Trust CU, the state’s fourth-largest credit union, announced plans today to move out of the downtown and build a 100,000-square-foot headquarters in the nearby suburb of Brighton.

A former host of a Los Angeles-area radio show has been sentenced to 10 years in federal prison for running a scheme to defraud investors of millions dollars — including false statements to banks that received federal bailout funds.

Financial technology company Fenergo has unveiled a new version of a product designed to help with data management and compliance.

Gary Crosby will receive $1 million once he finishes his stint at interim president and CEO of First Niagara in Buffalo, N.Y.

JPMorgan Chase plans to make changes to its automatic withdrawal policies to better protect its customers from aggressive payday lenders.

Tech vendor IMM announced Wednesday that it's launching a cloud-based document service, Document Exchange.

Director Richard Cordray recently suggested that the actions of debt collectors, credit reporting agencies and mortgage servicers — and banks' ties to them — merit extra regulatory scrutiny because consumers are at their mercy.

Susquehanna Bank announced Wednesday that it has rolled out a mobile, remote deposit capture feature to its customers.