Banking

Fed Gov. Elizabeth Duke said heightened burden from Dodd-Frank and Basel rules could make mortgage lending a less viable option for community banks, which make up a "significant" portion of the market.

Stifel CEO Ronald Kruszewski and KBW CEO Thomas Michaud discuss how the two investment banks complement each other and give their outlook on bank M&A.

A lawsuit that charges Bank of America’s (BAC) Merrill Lynch unit with misleading mortgage investors will be permitted to proceed, a federal judge in Manhattan has ruled.

Provident Financial Holdings (PROV) in Riverside, Calif., has increased its fiscal-year first-quarter earnings after uncovering an accounting error.

Bank of New Zealand has moved all of its small business bankers into a hub from which they communicate with customers via videoconferencing.

Dozens of community banks may freeze their pension plans over the next several years, as they seek to cut costs and limit their potential liabilities. One that did so is Rockville Financial, whose CEO says it could no longer justify to shareholders the expense of a pension.

MoneyGram International has set aside $100 million for victims of consumer fraud scams as part of an effort to settle an investigation by the Justice Department and U.S. Attorney's Office for the Middle District of Pennsylvania.

Google has reinvented its mobile wallet a few times, and its latest reinvention, a rumored plastic card, raises questions about the mobile-pay product’s direction.

President Obama's re-election will speed up implementation of Dodd-Frank, increasing regulatory burden and potentially spurring some bankers to finally sell.

The Dodd-Frank Act, sold to the public as the tamer of the Wall Street titans, may well end up having a disproportionate impact on smaller institutions, thanks to the costs of capital implications of being "not too big to fail" and the advent of the CFPB.

Community & Southern Holdings has agreed to acquire a branch in metro Atlanta from Ameris Bancorp.

For retailers, buying a new point of sale payment system is becoming as easy as buying a stapler or a sheaf of paper. Staples has begun selling several pieces of hardware revolving around NCR’s point of sale system called Silver.

The bank for Great Southern Bancorp (GSBC) in Springfield, Mo., has agreed to sell its travel agency and insurance units so it can focus on its core business.

Staples, the office supply giant is selling the ATM maker's Silver system, which turns an iPad into a cash register.

The results from the latest J.D. Power report are a validation of Huntington's recent efforts to strengthen its small-business banking capabilities.

Massachusetts' Senator-elect may be public enemy No. 1 among bankers, but Citizens Republic CEO offers this reassurance: "She's but one vote."

Even though a significant number of consumers have heard of mobile person-to-person payments, current usage of this technology remains limited, a new report found.

BETHESDA, Md. – Navy FCU is opening a new branch tomorrow at Walter Reed National Military Medical Center, adjacent to the new 150,000 square-foot Navy Exchange shopping mall on Wisconsin Ave., and a stone’s throw from the Washington D.C., border.

It was a privilege and a learning experience to meet some old-school bankers during my travels as an examiner some 50 years ago. Here are some who left lasting impressions.

At first, payments players were wary of the LevelUp mobile-pay system, but the startup behind it is fast building relationships with the very companies it could potentially disrupt.