Banking

Some financial institutions are blaming new regulations, and the investment burden for IT compliance, for shuttering parts of their businesses.

The $627 million-asset bank said Monday that it had named Kay Whitaker as its chief financial officer. She will succeed Laurinda Swank, who is shifting to the newly created post of chief accounting officer, a company spokeswoman said.

Synovus Financial Corp. (SNV) settled a shareholder lawsuit over more than $200 million in bad loans to Georgia luxury resort Sea Island Co. that the investors say were approved with a "golf course handshake" between executives of the two companies.

Rob McMillan, a wine industry expert at Silicon Valley Bank who moonlights in a rock band, dances to a different banking drummer.

With North Jersey Community the latest bank to change its name, we ask marketing experts to look at the pros and cons of rebranding.

Regions Financial (RF) in Birmingham has chosen Prudential Financial (PRU) to be the service provider for its wealth management group divisions that handle institutional and private clients.

WICHITA, Kan. – Several Wall Street banks told a federal appeals court Friday that confidential contingency agreements with lawyers representing NCUA on its corporate credit union suits contradicts NCUA’s own argument it should be afforded special powers to extend the statute of limitations on the multi-billion corporate claims.

The EFT network Shazam will let customers check their debit card balances from a phone or tablet.

Amy Friend, the former chief counsel of the Senate Banking Committee who previously worked at the OCC, will succeed Julie Williams as the agency's chief counsel.

EverBank Financial in Jacksonville, Fla., has added lenders to boost business with buyers and sellers of technology equipment.

VeriFone Systems announced Jan. 14 a suite of payment products, including an iPad mini version of its Payware Mobile card reader, a similar sleeve for the iPhone 5 and VeriFone HQ, a cloud-based system that allows retailers to monitor their terminals and manage their brands.

Expertise alone is insufficient without experience, and its byproduct: a "gut" feeling that enables a lender to separate the good credit applicant from the bad, the legitimate from the "con".

Among the new products VeriFone launched Monday is an iPad mini version of its PAYware Mobile card acceptor, a similar sleeve for the iPhone 5 and a cloud-based system that allows retailers to monitor their terminals and manage their brands.

The president and six former officers of a failed Savannah, Ga., bank were indicted on Jan. 11 on charges of fraud and conspiracy related to failed commercial loans.

TD Bank's new eTreasury system provides alerts, loan reporting and enhanced audit reporting for corporate customers.

Banks, subprime lenders and borrowers had varying reactions to the agency's long-awaited ruling on qualified mortgages.

Mortgage delinquencies have jumped about about four times the U.S. average in areas of New York, New Jersey and Connecticut that were damaged by Hurricane Sandy, according to Lender Processing Services.

The Obama administration has ruled out minting money as a way to sidestep the nation's borrowing limit. The Treasury Department will not produce a trillion-dollar platinum coin to pay the federal government's bills, the Washington Post reported Saturday.

A German banking committee has approved an Ingenico SA payment terminal as the first to accept contactless payments in the country under a new contactless pay system called giorgo.

It's not enough to be multichannel anymore, says author and Movenbank founder Brett King. Banks need to help people bank within the context of their lives.