Banking

American Express Co. finds itself swirling in the middle of anti-trust litigation and proposed settlements that the company isn't directly a party to.

New York Community Bancorp (NYCB) in Westbury, N.Y., reported earnings that were short of analysts' expectations because a surge in refinancing cut its net interest margin.

HSBC, the $2.7 trillion-asset company, said Wednesday it has named James Comey, a former U.S. deputy attorney general, to its board and formed a new board committee to oversee compliance with laws that aim to deter money laundering and other crimes.

Many of the nation's largest financial institutions lowered their spending on lobbying the federal government in 2012, according to data compiled by the Center for Responsive Politics. Although data is only available through Dec. 4, 2012, the reports suggest that year-end spending will be down significantly from 2011. That trend may reflect lower expectations for major legislative changes during a presidential election year.

BOK Financial (BOKF) in Oklahoma City reported higher quarterly earnings because of higher mortgage-banking income.

BlackBerry 10 was unveiled on Wednesday, along with a slew of enterprise applications from partners like Cisco and SAP. Will this be enough to bring the once-mighty player back into the banking fold?

In announcing plans to buy the $2.8 billion-asset Virginia Commerce, United Bankshares has made a deal that will dramatically increase its market share around the nation's capital.

With the start of a new year has come a flurry of personal financial management (PFM) announcements to whip banking customers into better financial health.

Future compensation structures should not only reflect the higher costs of servicing troubled loans but also open the business to more nonbank competitors.

Visa Inc.'s board of directors named Robert W. Matschullat as independent, non-executive chairman of the world's largest payments network.

TCF Financial in Wayzata, Minn., posted higher quarterly results after reporting an uptick in lending for equipment purchases.

The Riverhead, N.Y., company is profitable again and playing offense after purging bad loans and raising capital in recent months

Visa Inc.’s board of directors named Robert W. Matschullat as independent, non-executive chairman of the world’s largest payments network.

Last year, KeyBank saw an important gap in its credit card strategy – not owning its card portfolio meant it did not have the control it needed to properly manage its relationships with its customers. This week KeyBank announced the next step in its credit card strategy.

The branchless bank has created a way for its customers to suspend a debit card using Simple's mobile app.

The Spokane, Wash., company has agreed to sell three branches to Pacific Financial (PFLC) in Aberdeen, Wash. The branches are in Astoria, Ore., Seaside, Ore., and Aberdeen.

FirstMerit (FMER) of Akron, Ohio, seeks to raise as much as $350 million in connection with its deal for Citizens Republic Bancorp (CRBC).

A legislator in San Francisco is seeking a review of possible losses to the city from banks' alleged manipulation of a benchmark that determines the price at which banks lend to one another.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., has filled its openings for general counsel and human resources manager from within.

Aided by its first whole-bank acquisition in seven years, City Holding Company (CHCO) in Charleston, W.Va., reported a $10.9 million profit in the fourth quarter of 2012, up 13% from the same quarter a year earlier.