Banking

A deal between regulators and 10 major mortgage banks will end a troubled foreclosure review process. However, the latest plan faces troubles of its own.

Guaranty Bancorp in Denver is planning to retire some of its high-cost debt. The $1.8 billion-asset company said late Friday that it would redeem $15 million in trust-preferred securities in February and March.

Cambridge Savings Bank named Wayne Patenaude, its chief financial officer, to succeeded Robert Wilson as its president and CEO.

FICO announced Friday it has moved its headquarters to San Jose from Minneapolis.

Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.

Emerging tech promises to help companies produce scalable mobile alerts, marketing and other messages, if banks are willing to turn to remote hosting for a large piece of their marketing and communications.

The deal clears up a major source of uncertainty at the banking giant and is likely to lead the way for similar settlements between Fannie and other big mortgage originators.

United Shore Financial Services in Birmingham, Mich., has promoted the head of its wholesale mortgage unit to become its president.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

November marked the first time in months that bankers reported increased momentum for staffing, despite the fact that some Northeastern banks were dealing with Hurricane Sandy's aftermath.

Make sure each of your bank's initiatives is explicitly designed to eliminate uncertainties as rapidly as possible so any failures are small, quick and survivable rather than interminable and deadly.

Global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch.

Fourteen of the nation's biggest banks are expected to pay a combined $10 billion to settle allegations they mishandled foreclosures that followed the housing crisis.

Walt Disney Co. plans to use “MagicBands,” wristbands with built-in contactless payment technology, at its Disney World theme park in the next few months.

PHILADELPHIA – Freedom CU is celebrating the grand re-opening of its branch inside a Sears department store.

PORTLAND, Ore. – Oregonians CU said Friday it will close its branch in Eugene on March 1.

WICHITA, Kan. – Focus of NCUA’s efforts to recover billions of dollars in losses for faulty mortgage-backed securities sold to five corporate credit union failures is slowly shifting to the federal appeals court here, which has been asked to determine whether the credit union regulator waited too long to file civil claims, some of them dating to securities sold as much as seven years ago.

The American Bankers Association is asking Fannie Mae's regulator to halt a plan to slash the prices the housing giant and troubled borrowers pay for property insurance, citing a "lack of transparency and the absence of public input."

Plaza Bank in Seattle has lured a healthcare executive to return to banking as its new chief executive.

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