Banking

Khanh Vuong has been named senior vice president and chief risk and investment officer for the company, which owns the $2.9 billion-asset Kearny Federal Savings Bank.

The fact that the bulk of the relief from the national mortgage servicing settlement is going to short sales is a huge victory for the economy, consumer advocates' howls notwithstanding.

Smaller financial institutions should lend outside of a new ultra-safe class of mortgages created by the Consumer Financial Protection Bureau, according to Richard Cordray, the agency's director.

MasterCard is bringing its mobile PayPass contactless payment technology to Brazil, in partnership with Itau, TIM, Redecard and Gemalto.

As merchants and issuers weigh their digital payments options, traditional incumbents and new entrants alike are finding their offerings being scrutinized over how much they offer — and whether they even fit with the company's existing payments strategy.

Online Resources Corp. (ORCC) announced Wednesday an updated version of its web-based debt collection tool for financial institutions and billers.

The mortgage lender and servicer New American Funding has chosen Ellie Mae's mortgage-management system.

First PacTrust Bancorp in Irvine, Calif., unveiled a management team for the residential warehouse lending division it is set to launch next month.

Patriot National Bancorp in Stamford, Conn., has appointed one of its director to become its chief executive.

A study of consumer preferences finds that banks should broaden their views of personal financial management tools and help customers with everyday spend management.

Directors can stay ahead of the curve by visiting the "factory floor," aligning compensation with compliance and requiring explanations when business management fails to self-identify issues.

Could the cost of preparing the U.S. retail market for EMV smart-card technology over the next few years create problems for some retailers, adding to their burden in an already fragile economy?

HARRISBURG, Penn. – Pennsylvania State Employees CU, which is building a huge new headquarters, has put its current offices on the market for $9 million.

American Banker has won three Society of American Business Editors and Writers 2012 Best in Business awards, in the categories of Commentary, Investigative and Explanatory journalism.

JPMorgan Chase on Tuesday convened its top executives to discuss its growth strategies. Expansion will be hard as it cuts 17,000 jobs over two years, wrestles with new regulations and rethinks branching.

Comptroller of the Currency Thomas Curry attempted to dispute the notion that large banks are "too big to jail," telling a group of state attorneys general that his agency can take legal action and level "severe penalties" against an institution.

Bond Street announced Tuesday it would acquire Atlantic Coast Financial for roughly $13 million in cash, but 40% of the consideration is being set aside to handle any potential shareholder suits.