Banking

In the future, wearable computing — such as Google's recently hyped Glass — could be a boon for programmers looking to create financial services software for banks.

JPMorgan Chase plans to launch Chase Merchant Services, a payments partnership with Visa, this year.

Bond Street Holdings has agreed to pay a premium of nearly 50% for the struggling Atlantic Coast, the companies announced Tuesday. Atlantic Coast announced it was exploring the possibility of a merger more than a year ago.

JPMorgan Chase & Co. (JPM), plans to reduce headcount by as much as 19,000 people in its mortgage and community banking businesses by the end of next year.

Foursquare is adding Visa and MasterCard to its special deals roster, enabling the social media company’s 30 million users to link their credit and debit cards to Foursquare to receive discounts at merchants, according to a report in Ad Age.

KPMG's latest Data Loss Barometer offers clues to shifts in how cyber-theft occurs, with good and bad news for bankers.

Fannie Mae and Freddie Mac have now become the gatekeepers for underwriting qualified mortgages. This guidance might be a safe harbor from litigation, but history indicates it may fail as a safe harbor from risky lending.

Market Rates Insight recently evaluated deposit pricing in the nation's five largest metropolitan markets. Here is a quick look at how competitive banks are for liquidity in the most populous U.S. cities.

Visa is making several moves to demonstrate that it is willing to adopt new payments products on the Visa network. In an interview with PaymentsSource, Matt Dill, head of global business development and emerging products for Visa, provides a look into the card brand's future.

Glacier Bancorp (GBCI) in Kalispell, Mont., has reached an agreement to buy Wheatland Bankshares Wheatland, Wyo.

The FHFA abruptly killed a Fannie Mae plan earlier this month that promised to save the GSE hundreds of millions of dollars in force-placed insurance premiums. Critics see industry pressure as the culprit.

MIDDLETOWN, Penn. – Mid-Atlantic Corporate FCU has rolled out a group of video channels designed to inform, educate and entertain its member credit unions.

HOOVER, Ala. – Alabama Telco CU sold its former headquarters building here to Northwestern Mutual Life for $2.1 million.

The bank kicked off its college student coding competition this weekend. Jamie Dimon attended in a track suit.

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Amex says it will offer ezeClick to its card members in India as an online payment option that is meant to improve security and speed up the checkout process.

FirstMerit (FMER) in Akron, Ohio, has named a president of its Michigan operations as it prepares to enter the state.

Citigroup (NYSE:C), the third-largest U.S. bank, named Peter Orszag chairman of its expanded financial strategy and solutions group while selecting Ajay Khorana and Elinor Hoover to co-lead the unit.

Too-big-too-fail worries in the U.S. make the full sale of Royal Bank of Scotland's Citizens Financial Group in Providence, R.I., highly unlikely, despite speculation about potential buyers.