Banking

Banks can't win back business through optimistic future-focused messaging that ignores the real pain in our country. What customers really want is for their bank to apologize for its missteps.

Bank of Virginia in Midlothian, Va., is moving to shore up its stock price.

It's been a long, steady decline for mutual thrifts across most of the nation. That isn't the case in Maine, where an aversion to outsiders benefits home-grown mutuals.

Loans backed by apartment buildings rose by roughly $40 billion last year.

Citing changes in the regulatory landscape — as well as tepid loan demand — banks are suddenly showing more interest in a decades-old program that allows them to indirectly invest in small businesses.

C1 Bank of Lakewood Ranch, Fla., may be requiring U.S. Century Bank in Doral, Fla., to unload some troubled loans prior to C1's pending purchase of the struggling lender.

The Federal Reserve Bank of San Francisco has terminated a memorandum of understanding with Wilshire Bancorp (WIBC) in Los Angeles.

Investors on occasion are willing to roll the dice, but more often they support companies with potential for a powerful first step in the marketplace. They do not place Near Field Communication payments technology in either category.

Seth Waller, most recently a consumer credit officer at U.S. Bancorp, has joined EverBank in Jacksonville, Fla., as its first chief credit officer.

Starbucks plans to accept purchases from the Square mobile wallet beginning next month, and it also plans to list all 7,000 of its company-owned stores in the Square directory, the Seattle-based coffee seller said.

First Niagara Financial Group (FNFG) in Buffalo is cutting about 180 jobs throughout its four-state region, the bank confirmed Thursday.

Google updated the online portion of its Google Wallet product this week to allow micropayments for digital content, with a short window for refunds.

Aramark cafeteria customers in Basking Ridge, NJ at Verizon's Corporate Headquarters will be the first to get to tap and go at the point of sale with their phones.

The e-commerce giant Amazon.com has started making installment loans to merchants, in the latest outside challenge to banks' traditional business.

JPMorgan Chase will use Swift for managing transaction standards.

DHCU Community Credit Union hopes to reduce expense and IT tasks by shifting to the web-based solution.

Cognizant Technology Solutions has announced an alliance with Monitise to innovate mobile services.

As new mobile-wallet systems appear and old ones fade, many are asking who will win the “mobile wallet wars.” According to the mobile-pay venture Isis, there may never be a clear winner.

Travelocity is using software tools from Jumio to accept card payments in its lastminute.com hotel deals app.

Consumer delinquencies, which were already at relatively low levels, fell even further in the second quarter of the year, according to a new report from the American Bankers Association.