Banking

American Express chief executive Ken Chenault says the company’s new Bluebird prepaid card is off to a promising start.

Chicago will become the first city to report financial activity and fraud to the Consumer Financial Protection Bureau, but Director Richard Cordray is hoping other municipalities will follow suit.

Zions Bancorporation (ZION) in Salt Lake City has warned investors that it is facing an impairment charge of up to $100 million in connection with its investments in smaller banks.

In the latest intersection of social media and financial services, "The End of Money" author David Wolman is selling digital copies of his book on Twitter for four days.

Cyrus Amir-Mokri, the assistant secretary for financial institutions, said the industry's technological advances should be accompanied by an awareness of the risk of systems breakdowns.

New York's top financial services regulator is requiring the mortgage servicer to install a monitor for two years to oversee the company's practices, the state's Department of Financial Services announced Wednesday.

Solera National Bank in Lakewood, Colo., has recruited a team of 40 residential mortgage lenders as it starts to fulfill promises of growth after a regulatory setback.

New CEO Michael Corbat will cut 11,000 jobs, largely in Citi's global consumer banking division. The plan suggests Citi is hedging its strategy of being an omnipresent, upper-tier player in emerging markets.

Banks can get consumers to adopt online banking services by keeping websites simple, communicating a positive message and providing an interactive experience that meets immediate needs.

Mission Community Bancorp (MISN) in San Luis Obispo, Calif., has hired a veteran banker as its chief financial officer.

Provident Bank in Montebello, N.Y., has hired another team of bankers away from rival bank, this time tapping four bankers from Signature Bank to run a new lending office on Long Island.

By partnering with LevelUp, First Trade Union Bank will debut a mobile payment app to customers in 2013.

The Federal Reserve Board has entered into a written agreement with NASB Financial (NASB) that requires the Grandview, Mo., company to serve as a source of strength to its bank.

Chief financial officers who can do more than count beans are finding plenty of employment opportunities as banks pursue executives well-versed in handling risk management and strategic initiatives.

A breakdown of M&A announcements in the financial services industry for the week ended Dec. 1.

Consumers can turn to the likes of Walmart and Amazon for financial products these days, but as Jamie Moldafsky sees it, banks will prevail by being a "trusted advisor."

FREDERICKSBURG, Va. – An explosive device detonated at a Virginia CU ATM early this morning failed to access the cash but left a charred machine.

New Citigroup chief executive Michael Corbat has moved quickly to pare costs with 11,000 layoffs and a $1 billion charge. The market cheered, but longer term the question remains open whether Citi can shrink its way to prosperity.

U.S. Bank (USB) has committed to becoming the first large U.S. bank to offer mobile bill payment in the manner of mobile check deposit — letting users pay a bill by simply taking a picture of it.

American Express (AXP) CEO Ken Chenault said Tuesday that the company's Bluebird prepaid card, issued with Wal-Mart, is helping it expand beyond its traditional customer base.