Banking

JPMorgan Chase sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale for market-moving wagers at the division responsible for a $6.2 billion trading loss.

Demand for loans and fewer credit losses narrowed losses at Hampton Roads Bankshares (HMPR) in Norfolk, Va. in the third quarter.

First Mariner Bancorp (FMAR) posted another quarterly profit, but the Baltimore company said it is still looking for capital.

An increase in mortgage banking revenue contributed to an increase in third-quarter earnings at BOK Financial (BOKF) in Tulsa, Okla.

IRONADALE, Ala. – Corporate America CU said this morning it has hired Pete Pritts, the former CEO of Arizona’s FirstCorp CU, as president and CEO of the $2 billion corporate credit union.

MasterCard posted a third-quarter profit that beat analysts' estimates as U.S. consumer spending increased.

Westbury Bank in West Bend, Wis., aims to raise as much as $46.8 million and convert to full stock ownership from a mutual holding structure.

LOUISVILLE, Ky. – L & N FCU has started building its 15th branch – its first in Bullitt County.

One of Citigroup's downtown New York offices damaged by Hurricane Sandy will be closed for weeks, the company said Tuesday.

Bitcoin and other virtual currencies can contribute positively to financial innovation but also subject users to various risks, according to a report published recently by the European Central Bank.

First Financial (THFF) in Terre Haute, Ind., reported a drop in quarterly earnings because of higher expenses and credit costs.

The retail services unit of Alliance Data Systems (ADS) has signed a long-term agreement to provide a private-label credit card program for RainSoft, a company that sells water and air purification products.

EMC (EMC) has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.

They say including such data would allow independent monitor Joseph Smith to test if servicers are providing adequate relief in low-income communities, but Smith's hands may be tied by the language of the settlement agreement.

The truest way to reach your personal goals is to show your people, in actions and words, that your priority is helping them reach theirs.

The storm may have passed, but its effects on big banks and their customers are far from over.

Users of SaveUp, which offers prizes for debt reduction and savings, enjoyed improving their financial habits and said they liked their financial institution better as a result.

BNC Bancorp (BNCN) in High Point, N.C., reported lower third-quarter income because of costs related to recent acquisitions.

The board at First Security Group (FSGI) in Chattanooga, Tenn., has adopted a plan that would preserve its deferred tax asset in the case of ownership change.

Swift, the international payment messaging group that has long sought to increase membership among "corporates," announced that more than 1,000 corporations have joined its corporate treasury user community.