Banking

NEW YORK – NCUA has joined a variety of creditors in the huge Residential Capital LLC bankruptcy seeking a mediator to review its claims of $300 million in recompense for the failures of U.S. Central FCU and WesCorp, among the credit union agency’s growing claims over the collapse of the corporate system.

A number of community banks have disclosed plans to increase salaries and compensation for top executives.

A philanthropy watchdog group blasted four of the nation's biggest banks on Thursday for what it called their lackluster charitable-giving programs.

BankFinancial in Burr Ridge, Ill., has followed through on plans to cleanse its balance sheet of troubled assets.

Georgia Commerce Bancshares raised $25.5 million to fund potential acquisitions around Atlanta.

Northfield Bancorp (NFBK) in Avenel, N.J., has moved one step closer to becoming a fully public company.

Overaggressive growth, reliance on commercial real estate lending and use of brokered deposits were strategies common to banks that failed in the crisis, a government report said Thursday.

The British company is building smaller branches as it refocuses on trying to bank wealthy, international customers, U.S. retail chief Kevin Martin says.

CEO Trevor Burgess believes that targeting professionals will allow C1 to compete in a market dominated by larger banks.

Large numbers of yield-hungry banks have gorged on municipal bonds, and the industry’s overall holdings of the paper have edged up.

Deals such as NCR's purchase of uGenius accelerate the evolution toward smaller, self-service-heavy financial centers.

Experian has taken a quarterly report of consumer credit data, one that used to be printed and came to hundreds of pages of text and charts, and turned it into a web-based searchable database.

If things are truly bigger in Texas, then mPowa CEO Dan Wagner figures it's a good place for merchants to be able to accept credit card payments via mobile devices in those wide, open spaces.

Treasury Secretary Timothy F. Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Republicans haven't reached an agreement to raise the debt ceiling, according to two people familiar with the matter.

FNB United in Asheboro, N.C., will introduce a new brand for its CommunityOne Bank next month as part of its integration of Bank of Granite.

National Credit-reporting System is working with eSignSystems to provide a broader use of electronic signatures in the loan process.

Borrowers whose loans back commercial mortgage securities are continuing to repay more of their loans on time.

TD Bank (TD) is about to remind residents of Manhattan's East Village neighborhood they no longer live in a capital of cool. The $822 billion-asset bank has leased 4,300 square feet of ground-floor space in a building being built on the site of the former Mars Bar

Securitization is essentially a financial production factory. Consistency in the manufacturing process, which minimizes defects and hence promotes investor interest in the product, would allow the business to prosper again.

Exorbitant costs, excessive complexity torpedo review program. But a proposed $10 billion settlement faces problems of its own.