Banking

Although this initial phase of the program may seem beneficial as it seeks to keep European competitors honest, enforced convergence is a double-edged sword that raises worrisome issues for our country.

The alternative payments provider Dwolla has garnered much attention from its recent move to facilitate payments through Twitter, but the concept has been tried before — repeatedly, and with few success stories.

Hedge funds and private-equity firms are betting on delinquent home loans being sold by the FHA as the government agency accelerates debt sales to avert a bailout and stem foreclosures.

In its first-year progress report on community banks, the FDIC details how it is responding to specific complaints outlined by institutions at roundtables earlier this year.

ALEXANDRIA, Va. – NCUA is projecting an NCUSIF premium range in 2013 of 0 to 5 points of insured shares, and a Stabilization Fund assessment range of 8 to 11 basis points of insured shares. The combined projected range is 8 to 15 basis points, according to the agency’s new forecast.

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Firms that offer speedy, but pricey, loans to small companies say business is booming because bank lending to the sector remains tepid.

Creative Mobile Technologies has sued the San Jose, Calif., point-of-sale terminal maker for more than $250 million. The company claims VeriFone breached an agreement over placing ad on in-taxi screens in New York.

Albert Celini will supervise credit, operational and market risk management for the unit of the $3.1 billion-asset Sun Bancorp.

Armed with $350 million in capital and an expanded infrastructure, the CEO of National Bank in Colorado will be on the hunt for acquisitions in the new year.

Umpqua Bank has lured a veteran executive from First Horizon National Corporation (FHN) to lead its efforts to improve customers' experiences.

The role of the federal government in housing is the first question that needs to be answered, putting aside political rhetoric and preconceived notions about the subject.

Mobile banking is off to a fast start at American Savings Bank in Honolulu. Next, the bank plans to deploy mobile customer relationship management.

An ample supply of skilled workers and other factors will encourage banks to continue bringing tech jobs back to the U.S. next year, says Harley Lippman of Genesis10, an IT consulting, staffing and domestic outsourcing firm.

Huntington said Monday that Belinda Sherman has been promoted to president of the Huntington Investment Company, a wholly owned subsidiary that sells investment and insurance products.

The National Credit Union Administration has sued a JPMorgan Chase (JPM) unit claiming Bear Stearns & Co., which it acquired in 2008, used misleading documents in selling $3.6 billion in mortgage-backed securities to four corporate credit unions that later failed.

U.S. consumers have spent $33.8 billion at online merchants this holiday shopping season, representing a 13% increase over e-commerce spending during the same period last year, according to Internet usage analytics firm comScore.

First Bank & Trust in Brookings, S.D., has agreed to buy a prepaid card portfolio from Inter National Bank in McAllen, Texas. First Bank did not disclose the price it will pay for the $21 million portfolio.

The Consumer Financial Protection Bureau released a guide Monday to how its examiners will review any private student lender to ensure compliance with applicable consumer financial laws.

First Data Corp. called 2012 the “year of universal commerce,” meaning commerce happens anywhere, anytime and on any type of device.