Banking

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

The bank hopes electronic lien and title documents will reduce paper and trips to the DMV for consumers.

Profits rose 43% at DSA Financial (DSFN) of Lawrenceburg, Ind., on its sales of loans and investments last quarter.

Ingenico SA agreed to offer Shift4 Corp.'s gateway offering as part of the French terminal maker's point-to-point encryption portfolio.

Analysts will also pay close attention to what bankers says about cost cutting and fallout from the fiscal cliff compromise.

In speech to California bankers, comptroller indicates 'Volcker' trading ban and securitization rules could be completed soon.

Banks are turning to the National Security Agency for help mitigating DDoS attacks.

Technology reporter Mary Wisniewski muses about the many personal financial management products out there, many of which she has recently tested, and concludes that while they don't fit one definition or set of expectations, that's ok.

Heartland Financial USA (HTLF), a multibank holding company in Dubuque, Iowa, has swapped executives with one of its subsidiaries through a pair of promotions.

Planwise and ReadyForZero, both personal financial services companies out of San Francisco, have announced a partnership.

It's far better for a few foreclosure squatters and crooked bankers to get off than to undermine due process, argues Executive Editor Marc Hochstein.

Groupon's push into the payments business continues with an update that brings its mobile card reader to Android phone users.

The CFPB's final Qualified Mortgage rule exacerbates our dependence on the GSEs and FHA, potentially harms a large swath of potential borrowers and severely handicaps the market’s ability to effectively serve customers.

Certain U.S. Bank customers will soon have an opportunity to try the bank's new Go Mobile payment system, which allows iPhone owners to make contactless payments using a Near Field Communication-equipped case.

Risk management software vendor MetricStream has upgraded its software to work with two open-source databases.

Iran rejected media reports that it is behind a wave of online attacks against U.S. banks, saying it disapproves of offensives against financial bodies.

First Keystone in Berwick, Pa., has convinced its retired chief executive to serve as its vice chairman.

Regulators may be getting ready to order JPMorgan Chase to bolster its safeguards against money laundering.

CEO Michael Corbat's 13 reshuffled direct reports are all men — an extreme example of the gender gap that exposes banks to reputational and operational risks and charges of being out of touch.

There must be a concerted effort to open the way to successful homeownership to more Americans. This should include encouraging shorter-term mortgages so low down payment borrowers build equity faster.