Banking

Frost Bank announced Wednesday a new iOS app that lets its customers login to their accounts with a four-digit code rather than a user name and password.

Citigroup (NYSE: C) is overhauling its rules for executive pay to tie compensation more closely to the company's performance.

Profit fell at Third Century Bancorp (TDCB) after the Franklin, Ind., company boosted its provision for loan losses.

The Super Bowl champ teased regulators, talked serious business and shared tales of his glory days on the football field during the Independent Community Bankers of America conference.

The Consumer Financial Protection Bureau is preparing to crack down on interest rate markups that automobile dealers add onto the cost of car loans, potentially threatening one of the few bright spots for bank lending of late.

The husband and wife who lead Southern National Bancorp of Virginia (SONA) want to make one more acquisition before they try to sell their bank and retire.

Several bank stocks fell on Friday morning despite announcements in their capital plans, released Thursday night, that they would increase payout to shareholders.

JPMorgan Chase's Ryan McInerney has spent three years improving the bank's consumer operations, using a lot of travel and employee feedback - and occasionally giving branch managers a little liquid courage.

Wells Fargo CEO John Stumpf said banks are no longer "too big to fail," and admonished fellow bankers to accept the existence of the Consumer Financial Protection Bureau.

First Mariner Bancorp (FMAR) may not keep its name on a local arena but the Baltimore bank will continue to have a popular pitchman.

LOS ANGELES – In a ruling that could severely hamper NCUA’s recovery efforts in the corporate credit union bailout, a federal court yesterday tentatively dismissed some of NCUA’s $491 million of claims against Goldman Sachs & Co. on the grounds that they were filed too late.

SPOKANE, Wash. – Numerica CU plans to open two new branches by the end of next year, including one this year in the two-story former First National Bank Building downtown.

Hackers are launching increasingly sophisticated attacks on financial institutions. For bankers, there are still effective counter-measures to put in place and ways to keep the bad guys at bay.

The Independent Community Bankers of America has elected its executive committee for the next year.

The Consumer Financial Protection Bureau proposed adding nonbank student loan servicers, which account for over 70% of the student loan market, to its supervision program.

While many bankers cite new regulations or the sluggish economy as their primary challenges, PNC's CEO-in-waiting said that an even bigger hurdle could be figuring out how to charge customers for products and services that banks currently give away for free.

Little Bank (LTLB) in Kinston, N.C., said Thursday that it had received regulatory approval to repurchase up to 56,485 shares, or 2% of outstanding shares.

VeriFone's stock price recovered slightly upon CEO Bergeron's resignation, signaling investor interest, and competitor Pax Technology was quick to draw attention to recent speculation that VeriFone would be for sale.

Liberty Bank's deal for Southern Connecticut Bancorp could signal an M&A trend — mutual thrifts with lots of capital acquiring small, publicly traded banks.

ALEXANDRIA, Va. – The NCUA Board voted in closed meeting this morning to approve the combination of Alloya Corporate FCU with Michigan’s CenCorp CU, with the latest corporate merger creating one of the nation's largest corporates with more than $3 billion in assets.