Banking

BNY Mellon is facing a $900 million tax bill after a U.S. judge rejected its attempt to claim hundreds of millions of dollars in foreign tax credits.

American Express said Monday it is working with Twitter to expand its cardholders' ability to shop over the social networking site.

American Express says it is working with Twitter to expand its cardholders' ability to shop over the social networking site.

A MasterCard Inc. "mobile preparedness" study in 2012 indicated that Singapore, Canada and the U.S. were the countries most prepared to offer payments technology and innovation to serve willing consumers. But the study also showed the U.S. ranking 10th when it came to "consumer readiness" for adopting mobile payments.

Grand Bankshares in West Palm Beach, Fla., plans to raise $6 million, according to a news report.

BURLINGTON, Vt. – Vermont FCU has purchased a long-vacant property in Middlebury, Vt., that used to house a branch of Chittenden Bank.

A plan by Fannie Mae to slash premiums for replacement homeowners insurance has been killed by the Federal Housing Finance Agency, according to people informed of the agency's decision.

With its existing base of mass-affluent customers and ongoing efforts to attract a broader set of customers through efforts like its Bluebird prepaid card and new merchant-branded products, American Express Co. is positioned to lead the transformation of the payments industry.

Citizens Bank of Kansas is seeking to switch from a national to a state charter.

Consumer credit reports contain many errors, causing some consumers to pay higher rates for loans, the Federal Trade Commission said Monday.

A new federal rule issued by the Department of Housing and Urban Development on housing discrimination will likely make it harder for banks to prevail in fair-lending disputes.

The Consumer Financial Protection Bureau will require some mortgage servicers to develop general plans for avoiding complications arising from the transfer of servicing rights.

The stress of margin compression, combined with the need to generate additional income to maintain investors' return on equity hurdles, is driving more and more community banks into riskier activities.

The bank is improving its teller capture technology to accommodate business customers with large batches of checks and to provide later check deposit cut-off times.

What did mobile wallets look like before Apple and its peers invented the consumer smartphone market and launched App Stores to distribute systems like Passbook, Isis and Google Wallet?

Individuals who blew the whistle on a mortgage fraud scheme that ended up costing JPMorgan Chase (JPM) $296 million in fines have about three months to prove that their information helped lead to the settlement with federal regulators.

CEO Hugh Potts says the Mississippi company's sale to Renasant will help investors recoup 75% of 2006 value.

Karen Mills is stepping down as the head of the Small Business Administration. On her watch the agency supported $106 billion of loans to small businesses, including a record $30.5 billion in fiscal year 2011.

Losses at Anchor BanCorp Wisconsin (ABCW) in Madison narrowed slightly last quarter as its credit quality improved.

Bit9, a software security company that says three of the top 10 Fortune 500 banks are among its clients, has been hacked and was temporarily being used by criminals to help spread malicious software.