Banking

The inspector general monitoring Tarp says that, despite its previous warnings, the Treasury Department has failed to improve its policies and procedures to ensure that its own guidelines on executive pay are met.

Jan. 27 marked the first day merchants nationwide could hit consumers with a checkout fee for using a credit card. Nothing has changed overnight, but some merchants are likely to test the waters sooner than others.

Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties.

Reopening the mortgage securitization pipeline is a vital step toward a housing market recovery that will boost the wider economy, Comptroller of the Currency Thomas Curry said today in a Las Vegas speech.

Wells Fargo (WFC) changed its compensation for some mortgage salespeople to include a reward for submitting complete loan applications to processors and underwriters within five days.

Jeanne Capachin is leaving the "rat race" analyst world for public relations firm Graber.

Attunity's Repliweb software can now copy data to an open-source framework such as Hadoop.

Investar would acquire a bank with two branches in southeastern Louisiana.

Charles E. Ducey Jr. has agreed to step down from his position of executive vice president in charge of North American Operations at ATM maker Diebold.

Yes, an effective sales organization awakens customers to newly perceived needs. But it also markets the products that yield the highest return—not necessarily the ones customers would most want to buy.

KeyCorp (KEY) announced plans to offer new consumer, business and commercial credit cards this year.

KeyBank, a unit of KeyCorp, announced plans to offer new consumer, business and commercial credit cards this year. The cards will all operate on MasterCard's network, extending a 15-year partnership that also covered debit and ATM.

Old National Bancorp (ONB) in Evansville, Ind., reported a small rise in fourth-quarter earnings, as higher expenses offset a rise in interest income.

Expenses weighed on UnionBanCal in San Francisco in the fourth quarter. Earnings at the $97 billion-asset company, which is wholly owned by Bank of Tokyo Mitsubishi UFJ Financial Group, fell 4.7% from a year earlier, to $123 million.

Taasera's software monitors mobile device or network activity to sense the presence of hard-to-detect malware. Financial institutions are its primary market.

UBS Chairman Axel Weber is urging fellow leaders of some of the world's biggest financial institutions to settle government probes into their alleged manipulation of a benchmark that determines the price at which banks lend to each other.

Citi's online banking site the best is the best among those offered by big U.S. banks, according to Forrester Research. Here, the bank's head of internet and mobile banking, Tracey Weber, discusses design and execution.

Interest income and fees boosted Chemical Financial's quarterly results.

Canada's right next door and has lots of English speakers, so it might seem the ideal place for American independent sales organizations to expand. But the two countries' business and cultural practices differ in ways that Americans may not expect.

London commuters are supposed to be excited about the prospect of their Tube underground rail system adding acceptance of any bank’s contactless payment card. But it may take time for them to break the habit of using the popular Oyster contactless prepaid transit card.