Banking

Numerix, an analytics software company, plans to use Microsoft's cloud platform, Windows Azure, for more of its offerings.

While banks have reason to be prepared for and concerned about further cyber attacks, there's reason to believe that the perpetrators can and will be caught.

JPMorgan Chase, Citigroup, Bank of America and others in the path of Hurricane Sandy continued Monday to calibrate their responses to the storm.

Learning to tap into the more creative right hemisphere of my brain enabled me to think in a unique manner about both the problems and opportunities facing my bank.

Because its customers have already gravitated toward remote check capture and online wire transfers, business is carrying on fairly normally at The Westchester Bank as Hurricane Sandy approaches.

Old National Bancorp (ONB) in Evansville, Ind., posted higher third-quarter income from a year earlier as it cut noninterest expenses.

Agencies based in Washington were mostly closed in anticipation of the storm, but officials said where possible support for banks and examiners would be made available.

Security services firm ControlScan has partnered with payment processor Allifide Merchant Group to provide small and medium-sized businesses compliance services for Payment Card Industry security standards.

Hurricane Sandy, which is bearing down on the mid-Atlantic all the way up to New England, is expected to delay thousands of mortgage closings on Monday and Tuesday at the very least.

A provider of software for the financial industry has introduced a platform to help banks satisfy evolving capital requirements.

CFS Bancorp (CITZ) in Munster, Ind., reported that its third-quarter income climbed from a year ago as it cut noninterest expenses and lowered its nonperforming assets.

Earnings rose 40%, to $21.3 million, from a year earlier, HomeStreet Bank said Monday.

Comptroller of the Currency Tom Curry said the agency is ready to "take action" against banks that lower provisions solely to boost short-term profits.

Kelly S. King, the chairman and chief executive of BB&T (BBT), has been appointed to the Federal Advisory Council.

Changes are coming to the credit union branch model.

Is the branch dead? It clearly is not, says Mark Weber, president of Weber Marketing Group, who points to the record number of building projects and branch redesigns his firm has taken on in the past four years.

NCUA has issued a prohibition order against former WesCorp CEO Bob Siravo that includes an agreement Siravo pay $600,000 to the liquidating agent for the failed corporate.

VACAVILLE, Calif. – Navy FCU said this morning it is opening its 33rd California branch here next week to serve 23,000 military personnel at Travis Air Force Base, as membership booms at the nation’s largest credit union.

Banks in the path of Hurricane Sandy braced Sunday for the storm's arrival, while making plans to help their operations weather it without interruption.

If U.S. regulators proceed with anything like the 2010 Basel III proposal on liquidity, important bank products such as brokered deposits may simply disappear.