Banking

Blackstone Group, manager of the largest real estate private-equity fund, has expanded a credit line to buy single-family homes to $2.1 billion from $600 million, according to a person with knowledge of the deal.

President Obama gathered chief executives from energy, finance and technology companies to emphasize the threat posed by criminal and state-sponsored hackers, which the administration regards as one of the nation's main security challenges.

Impersonators of Sammy Davis Jr., Frank Sinatra and Dean Martin (oddly) captured the sense of renewal at the ICBA conference in Las Vegas.

Gibraltar Private Bank & Trust in Coral Gables, Fla., is in talks with several potential buyers, the South Florida Business Journal reported in its online edition Wednesday.

The CFPB director received a frosty reception at the ICBA conference despite remarks designed to calm bankers' fears.

The midsize New York mortgage lender and the West Coast bank created to house the IndyMac assets are worlds apart in many ways, but their rumored deal is strange enough to work, experts say.

The Federal Deposit Insurance Corp. chairman gave an update on the agency's community bank work and said the agency is on target to reach a statutory minimum for insurance reserves.

Bank of Hawaii (BOH) has agreed to delay its exit from American Samoa for one year to give the territory time to recruit another bank.

Speaking at an industry conference, the Huntington CEO says banks can't use the low-rate environment, the slow economic recovery or the costs of regulation as excuses to cut corners and shortchange customers. "We have to set a higher standard."

American Express Co. faces many challenges over the way it operates, but the CEO's 2012 compensation signals that the company is focusing on its strengths.

Bankers at the trade group's annual conference want to focus on momentum, although many acknowledge lingering doubt about the future.

First Bancorp in Troy, N.C., has applied for regulatory approval to move its headquarters to Southern Pines, N.C.

Nymbol Technology announced Wednesday a suite of processing software.

Empowering the unbanked to save and invest in themselves and others, through technology as simple as text- or Tweet-to-pay, will create opportunities to get people out of poverty.

Community Bank of Tri-County in Waldorf, Md., has named a new chief risk officer.

Bank holding companies saw a dip in wealth management income in the first three quarters of 2012, a new study says.

Though JPMorgan Chase and BB&T are the only big banks to confirm a denial of service attack on Tuesday, roughly a half dozen institutions endured digital assaults at around the same time, according to the security firm Radware.

An Indiana bank has strengthened its mobile banking app to include a feature allowing users to temporarily suspend their lost or stolen debit cards.

Over 40 million Americans are under- or un-banked. Operation HOPE Chief Executive John Hope Bryant discusses how banks can make customers out of this under-served market and do well by doing good in the process.

ST Financial Group in College Station, Texas, plans to buy a small bank near Dallas. The parent company of Spirit of Texas Bank has agreed to purchase Peoples Bank in Colleyville, which has $72 million in assets and two branches.