Banking

WikiLeaks lost more than $50 million in potential donations after Visa Europe, MasterCard and American Express blocked payments to the anti-secrecy group, according to its founder Julian Assange.

Banking associations are mounting another push to keep the Senate from voting on a bill to raise the cap on credit union business lending.

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

Online investment site Betterment LLC has enhanced the advice it offers customers of its online investment site.

A new core system provides real-time transaction processing across branches, ATMs, mobile and online banking and call centers. Even before the project is done, the bank says it's seeing a 15% reduction in costs and a new ability to provide true relationship banking.

Regulators released new details on how they will enforce restrictions on charter swaps by troubled banks writes American Banker's Joe Adler.

StoneCastle Cash Management, an investment adviser that provides funding solutions for community banks, is buying a listing service for buyers and sellers of certificates of deposit.

Margin pressure, regulatory hurdles and intense competition will test the nation's smallest banks next year, industry experts predict. Those issues could lead to a resurgence of consolidation among community banks.

An increased cap would almost certainly lead large institutions, hungry for short-term profits, to take greater risks that they are ill-equipped to handle.

Taxpayers should not be paying to increase homeownership or to boost home prices. With interest rates low, lenders can charge for risk and homeowners can pay for it.

The terminal maker's method will allow the authority to track busses in the Bronx and relay that information to riders on their smartphones.

Regulators released new details on how they will enforce restrictions on charter swaps by troubled banks.

U.S. Bancorp is beefing up its prepaid card business.

Huntington Bancshares (HBAN) has hired Peter Arendt, a veteran executive from Bank of Oklahoma, to lead a new agribusiness initiative.

Some banks are looking past the short-term economic challenges and betting on a small-business recovery. Here's how executives from Bank of America, PNC, U.S. Bancorp and others assessed the market at SourceMedia's recent Small-Business Banking conference.

Take care of your management team last, not the other way around. Vet new ideas through risk management and audit committees, not the marketing and sales department. Manage incentive compensation around risk-adjusted performance metrics.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

The chief executive of Monarch Financial Holdings (MNRK) in Chesapeake, Va., has been elected to the Federal Reserve Bank of Richmond's board.

The president and chief executive of Bar Harbor Bankshares (BHB) in Maine will retire in June. Joseph M. Murphy has held those positions at the company and its Bar Harbor Bank & Trust unit since 2002.

EAST LANSING, Mich. –Michigan State University FCU has won the bidding among seven financial institutions to open a branch in the Sparrow Professional Building in Lansing.