Banking

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.

VantageSouth Bank's team of seasoned construction lenders will only target the most qualified builders in communities where demand for new homes is high, executives say.

Virginia Commerce Bancorp in Arlington is considering selling itself. The $3 billion-asset company said Monday its board would review various alternatives to increase shareholder value, including a possible sale.

Go Banking Rates named Sofia Vergara, the star of the ABC comedy "Modern Family," its "Best Celebrity Saver," giving her a consolation prize of sorts after she fell short at the Golden Globes.

History shows banks can't compete with agents selling consumers insurance. But credit protection products have been highly profitable for the banks, and can remain so – provided the products are reformed.

Some prominent mobile wallets today rely on NFC as the primary method of making payments. These include the mobile carriers’ Isis venture and Google’s mobile wallet. Others, such as PayPal, consider NFC optional. The mega-retailers’ Merchant Customer Exchange (MCX) venture, which has yet to release a product, promises a software-based alternative to NFC, storing card data in the cloud and using bar codes to conduct transactions.

WINSTON-SALEM, N.C. – Piedmont Advantage CU plans to move from Liberty Street to the corner of Stratford and Burke Mill roads in 2014, serving as an anchor in a 22-acre business park to be named Piedmont Advantage Park

TULSA, Okla. – Tulsa FCU’s 13th branch is scheduled to open Monday in a Reasor’s grocery store.

Westside Community Bank in University Place, Wash., became the first failed institution of 2013 late Friday.

Retailers are looking to payments technologies to empower them to provide a more personalized shopping experience, one that improves consumer engagement at the point of sale and helps build customer loyalty, according to experts who spoke Sunday at the National Retail Federation’s annual convention in New York.

JPMorgan Chase's (JPM) board is expected to dock the bonuses of chief executive Dimon and former chief financial officer Douglas Braunstein, as a consequence of the company's $6 billion trading loss at its chief investment office last spring, the Wall Street Journal reported on Saturday.

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The chief executive officer of First Data Corp. (FDC) is resigning, the company said Friday.

Banks with at least $10 billion of assets approved 14.9% of loans between $250,000 and $3 million in December, up nearly two percentage points from a month earlier and the highest rate in roughly a year, according to an index published Wednesday by Biz2Credit, which connects small and mid-size business borrowers with lenders.

Flagstar in Troy, Mich., provided misleading information about the condition of loans that backed securities insured by MBIA and led to big losses, MBIA's lawsuit says.

Wells Fargo reported record earnings again in the fourth quarter but it faces headwinds that could slow the momentum in 2013.

Subprime mortgages are likely to become harder to make and more expensive to sell in the secondary market based on the new qualified mortgage rule.

The Independent Community Bankers of America (ICBA) is toasting the Government Accountability Office (GAO) for agreeing to examine the economic benefit that megabanks derive from their too-big-to-fail status.

There's no turning back — prepaid cards have left a permanent mark on banks, card networks, alternative payment providers and more. Some might consider that mark to be a scarlet letter, but many now wear it as a badge of honor.

The U.S. Government is objecting to a proposal by Residential Capital to pay roughly $33.4 million in annual bonuses to employees.