Banking

Citigroup (NYSE:C) has asked the Federal Reserve to authorize a $1.2 billion share buyback program this year, in a bid to prove it has recovered from the financial crisis and improved its operations in the past year.

The merger of NBT Bancorp (NBT) and Alliance Financial Group (ALNC) is nearly official.

With so much attention on cybercrime, it may be surprising to realize plastic cards remain an appealing target for theft.

CommunityBank of Texas has agreed to buy Vista Bank Texas. "These are two independent powerhouses coming together to fill a hole in the Houston banking market," said J. Pat Parsons, CommunityBank's CEO.

Nationstar Mortgage, the mortgage servicer that oversees more than $300 billion of debt, is taking the unusual step of selling home loans out of securities owned by investors, Credit Suisse said.

Consumer credit in the U.S. rose in January by the most in five months as Americans took out loans for auto purchases and tuitions.

The San Antonio bank and insurance outfit is taking another look at its current support for Windows 7 and possible future Windows 8 app.

OneWest Bank in Pasadena, Calif., which has been considering a sale or an initial public offering, has been meeting with potential merger partners, according to a report.

A number of banks will 'find themselves' in the year ahead via deals that redefine where they operate and what they do, a Deloitte study finds.

Our hope and plan was that the settlement would show principal reduction works and that it would spur the use of writedowns in other loan modifications. That is now occurring.

Many times, marketing constraints can slow financial institutions' rollout of Fiserv's SpotPay card readers. Fiserv's new spotpay.com website addresses this concern without compromising the vendor's mission of offering the device almost exclusively through banks and credit unions.

Aubrey Patterson keeps in touch with his successor and advises bankers to think twice before surpassing $10 billion in assets and earning more regulatory scrutiny.

Old Second Bank in Aurora, Ill., aims to prove that it and other Tarp banks that burned through all their common equity can survive.

A personal appeal from American Samoa's governor is holding up Bank of Hawaii's (BOH) plan to exit the territory.

As a hardware problem brought down its website, Royal Bank of Scotland customers vented over Twitter and Facebook.

Premier Financial Bancorp (PFBI) in Huntington, W.Va., reported an increase in its quarterly profit that was driven largely by loan sales and improved asset quality.

Augmented reality has the potential to enhance customer service and promote sales during customers’ in-store transactions.

With fatter margins than high-end corporate banking and customers who are more interested in relationships and service than negotiating the lowest price, the commercial middle market is the industry's sweet spot, says consultant and executive recruiter Rod Taylor.

ATM maker Cardtronics announced Thursday that its British subsidiary has purchased a developer of marketing and advertising software and services for ATM owners.

John Stern will become corporate treasurer on July 1, U.S. Bancorp said Wednesday. Stern is currently senior vice president and manager of corporate funding. He has been with U.S. Bancorp since 2000.