Banking

BBCN execs took a difficult path to build the largest Korean-American bank, but a successful merger in L.A. and a deal in Seattle have put it on course to become a West Coast player — and maybe more.

Total System Services has completed its purchase of ProPay.

2012 was not the kindest of years to Google's mobile wallet, starting as it did with a security breach and ending with speculation that the a plastic card will be added to the otherwise entirely digital wallet.

The Consumer Financial Protection Bureau is finishing a redesign of its headquarters featuring an open floor plan — a sharp departure from the labyrinthine layout of the previous tenant, the OTS.

Users of popular smart phone devices are more inclined to shop and bank on their fraud-prone devices and therefore bigger targets for cybercrime, analysts say.

The payments industry is no stranger to fraud, but there are some key events that stand out over the course of 2012 — and threaten to spill into 2013.

Banking was a tough business to thrive in over the past year. These ten executives stood out for savvy moves that enabled their companies to beat the odds.

National Australia Bank has begun a 10-year technology makeover that will modernize virtually everything it does.

Start the New Year right, with new ways to think about widening your bank's customer base, lowering your legal costs, mentoring your executives, maximizing tech investments and more.

The Obama administration may be looking to expand the number of borrowers who can refinance their mortgages.

In a market where banks have been massively devalued, BankUnited's CEO says executives will have to focus on creating value over the next few years to sell at attractive prices.

Wealthy Americans say growing the economy matters more in the coming year than slashing federal spending.

Private Label Is Dead. The headlines proclaimed this just a few years ago. In one specific case, an activist investor sought to protect Target from the danger of their failing portfolio by forcing them to exit the business. It seemed like every retailer was leaving the space, or at least considering it.

D'mai Urban Spa in Brooklyn, N.Y. loves rainy days because it sees more customers when the weather is dreary. The Park Slope shop gleaned the information from Swipely's technology, which collects data on every customer that swipes a card in the spa.

McDonald's is adding more tap-and-go acceptance at its payment terminals worldwide.

LNB Bancorp in Lorain, Ohio, is inching its way toward exiting the Troubled Asset Relief Program.

Political squabbles on Capitol Hill and the tight presidential race put key confirmations on the backburner in 2012, but confirmed regulatory leaders will speed up progress on many fronts next year.

It is time for the FHA and its supporters to put the interest of working-class families ahead of real estate agents and other interest groups who want to expand its abusive lending practices.

Sustainable growth requires banks to increase revenue steadily. We've seen we can't achieve this just by raising prices and by charging for what used to be free.

Google’s mobile wallet appears to be staggering to the finish line of 2012. After all, it was a year that started with a reported security breach and is ending with speculation that the search-engine giant will add a plastic card to the otherwise entirely digital wallet.