Banking

Many third-party mobile payment providers, such as Google and Isis, are seeking bank partners for their mobile wallets. Should banks agree to their terms or go it alone?

In the grand scheme of mobile payment readiness and adoption globally, Japan has always been at or near the top of industry measuring sticks. Now one of Japan’s mobile communication giants is partnering with MasterCard Inc. to expand contactless payments worldwide starting in 2013.

The banking industry's largest trade group is re-upping with a company that helps banks ferret out fraud in home loans.

A surge in commercial and commercial real estate loans helped boost profits at Webster Financial (WBS) by 7% in third-quarter, to $44.4 million, from a year earlier.

Fed Gov. Daniel Tarullo calls for capping the size of banks, lawsuit proliferate, earnings roll in.

J. Pierpont Morgan Sr. would be rolling in his grave — or laughing in it — if he saw what's become of his eponymous edifice in Lower Manhattan this season.

Two East Coast banks have shed their mutual holding company ownership.

Liability insurance companies generally argue allowing banks to receive insurance coverage for overdraft litigation settlements violates public policy and rewards supposed wrongdoing, but there typically is no explicit exclusion in a policy that justifies this and other go-to positions.

Wells Fargo & Co. said third-quarter profit increased 22 percent, exceeding analysts' estimates, as the cheapest interest rates in history spurred refinancing.

JPMorgan Chase & Co., the biggest U.S. bank by assets, posted a third-quarter profit that beat analysts' estimates on gains from mortgages and trading.

Jumio Inc., which provides technology for accepting card payments through a webcam or smartphone camera, hired CyberSource's Michael Orlando as its chief sales officer.

MasterCard's approach to mobile payments is driven greatly by the series of mobile phone innovations simultaneously occurring around the world, according to the network's group executive for mobile.

Any uncertainty in mobile wallet development fuels speculation in an industry anxious to see what shape mobile commerce will ultimately take. In this industry, products that make it even farther than where Isis is today don't always work out.

Team Capital has no plans to go public, but it is helping investors cash out by partnering with a New York broker-dealer that makes markets in illiquid stocks.

Diane D'Erasmo will focus on multinational firms doing business in the U.S. She had been head of HSBC's commercial banking in the Northeast.

Former FDIC chairman Sheila Bair, who vocally criticized the Citigroup bailouts in her new book, said Friday that she sees few growth prospects for the bank.

The $4.4 billion-asset bank holding company based in Dubuque, Iowa said Thursday it would buy Heritage Bank in Phoenix for $16 million in cash.

Many community banks could find themselves in the same dilemma as LNB in Ohio, which is weighing the pleas of activist shareholder Umberto Fedeli to repurchase its Tarp shares from private investors. It has to choose between paying higher dividends or a costly capital raise.

The Consumer Bankers Association has elected Iberiabank executive Bob Kottler as its new chairman for 2013, the group said in a press release Thursday.