Banking

Until regulators are made more independent of the bankers they supervise, all the lawsuits and campaign promises in the world won't fix the financial system, says Neil Barofsky, former special inspector general of Tarp.

Retiring Visa chief executive Joseph Saunders revealed a secret ambition to become a journalist. We hope he's prepared for the pay cut.

Oriental Financial Group (OFG) has priced its public offering that will it raise capital to buy the Puerto Rican operations of Banco Bilbao Vizcaya Argentaria.

1st Capital Bank in Monterey, Calif. has recruited a Central Coast banking veteran to its executive team.

KeyCorp said its vice chair and chief administrative officer will retire next year after more than a decade with the Cleveland company.

Ally Bank has started to explore strategic alternatives for its business lending operations and its servicing rights on agency mortgages.

It is one thing to see an irrelevant ad on a billboard in Las Vegas, but it's quite another to get an irrelevant message from an institution who knows more about me than many of my relatives.

Microsoft's new operating system and tablet officially launches today. ING Direct in Canada already has a tablet and desktop banking app for Windows 8; Bank of America and USAA are developing them.

Investors Bancorp (ISBC) in Short Hills, N.J., reported higher third-quarter earnings because of loan growth and better credit.

Citigroup Inc. (C) was fined $2 million after a junior analyst improperly disclosed confidential information before Facebook Inc.'s initial public offering, Massachusetts' top financial watchdog said.

Discover Financial Services and Google may be developing a partnership that would provide a “new way” to use Google Wallet, which today works primarily through Near Field Communication technology and a virtual MasterCard account.

This year-old customer experience team at RBS Citizens Financial Group is on a mission to identify pain points and eliminate them quickly. Some experts say its approach to this common industry challenge is particularly instructive.

The Dodd-Frank QM rule will restrict the availability of credit, but it can be less invasive if the CFPB develops a model that weighs all relevant risk factors, not just a few measures of capacity to repay.

Natural Security SAS has launched a contactless card payment system utilizing biometrics for authentication with its partner banks in France.

As Wright Express Corp. expands internationally and creates new products not solely focused on the freight community, it decided it was appropriate to pick a new name. Wright Express now calls itself WEX Inc.

In recent months, several payments industry players have expanded north into Canada, benefiting from the country's similar financial landscape and largely absent language barrier, but sometimes slowed by differences in regulation and technology.

CANTON, Ohio – Diebold Inc. said yesterday it is suspending plans to build a $100 million headquarters in nearby Green, Ohio, and is forfeiting tens of millions in tax breaks that would have covered the entire cost of the 500,000-square-foot building and corporate campus.

First Financial Bancorp announced plans to trim its expense base by $17.1 million over the next year.

The leading insurer in the force-placed market is working to make its products more flexible as regulators push on pricing and payments to servicers. Some large banks are changing their practices, too.

A company that automates the production and delivery of documents has rolled out a new version of its software.