Banking

State and federal banking regulators encouraged the merger deal between Crescent State Bank and VantageSouth for safety and soundness and other reasons, a proxy filing says.

A new service from Citi will scour the Web during the weeks after a customer makes a credit-card purchase — and provide a refund if it finds a price that's at least $25 lower.

The agency's annual independent actuarial report is expected to show that its capital reserves have been depleted by rising levels of defaults. FHA could shore up its finances by increasing its enforcement against banks and other lenders, but it may also need to tap the Treasury for the first time in its history.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.

Bank of America Corp.'s commercial customers are already reacting to the "fiscal cliff" that looms over the U.S. budget by putting off purchases, Chief Executive Officer Brian T. Moynihan said.

Companies that are proactive about intentionally harvesting as many diverse viewpoints as possible can inherently derive innovation out of inclusion.

Great Southern Bancorp in Springfield, Mo., is bucking an industry trend toward fee-based lines of business in agreeing to sell its insurance and travel units.

Early data from the election shows substantial traction for mobile pay as a way to collect donations from groups of people.

Visa Inc. continues to bolster its V.me digital wallet service, announcing that 50 more banks and credit unions will adopt the service.

First York Ban Corp in York, Neb., has agreed to acquire Glenvil Cooperative Credit Union, in a rare acquisition of a credit union by a bank.

CIT Group (CIT) in Livingston, N.J., has launched a unit that will originate and underwrite financing for seafaring vessels.

Lawsuits that charge Goldman Sachs (GD) and Deutsche Bank (DB) with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.

CTS North America will provide additional security features through its scanners to branch technology provider BLM Technologies for customers who face a high potential for check fraud, such as payday lenders and healthcare service providers.

United Community Financial's (UCFC) third-quarter loss tripled from last year after a $33 million charge related to a bulk loan sale. The Youngstown, Ohio, company reported a loss of $26.9 million, compared with an $8.9 million loss a year earlier.

Centrify, a maker of technology that allows banks to control access to software and systems, has added another customer.

Many credit unions and a few banks are opting for Visa's version of the mobile wallet.

President Obama's reelection has given his administration a "do-over" opportunity in housing.

Bank of America is launching Mobile Pay on Demand through Bank of America Merchant Services, its Atlanta-based joint venture with First Data. We look at how this stacks up against similar mobile payment offerings out there.

Bank of America is launching a Square-like card-swiping device for smartphones called Mobile Pay on Demand. The service will be marketed through B of A’s Atlanta-based joint venture with First Data, Bank of America Merchant Services.

Internal governance policies should define for shareholders, employees and the public how the bank plans to effectively manage the stated risk appetite.