Banking

It is neither the intent nor the practice of NCUA to influence a vote on a credit union conversion. Our rules protect members' rights to make well informed decisions.

JPMorgan Chase & Co. bolsters its mobile banking offers by debuting its first mobile app for the Windows Phone platform.

Few companies could survive the large-scale denial of service attacks that major U.S. banks have been hit with in recent days, Prolexic executives say.

Under new international rules, mutual banks in the U.S. will need a way to issue marketable securities to raise capital. Core capital deferred shares, a U.K. innovation, offer a model.

The $8 billion-asset unit of First Midwest Bancorp (FMBI) said Monday that David Knapp has joined the company as president of a newly formed group for commercial banking in Chicago's western suburbs.

In a rare coordinated effort Monday, all three federal banking agencies, the CFPB and the state regulator in Utah announced more than $112 million in enforcement penalties against American Express for card practices that allegedly violated a range of consumer protection laws.

Nowadays, financial innovators are focused on digital payment platforms and alternative currencies, but coins were once revolutionary. American Banker takes a look at some of the more noteworthy advancements in the evolution of financial services, using the World Economic Forum's recent report "Rethinking Financial Innovation" as a guide.

DENVER – Lawyers for Wachovia Capital Markets, now a unit of Wells Fargo, called on the U.S. appeals court here Friday to dismiss a securities suit brought by NCUA in the failure of U.S. Central FCU and WesCorp FCU, claiming a lower court erred when it allowed the credit union regulator to extend the period allowed for filing the claims even though the mortgage-backed securities were sold to the two corporate giants as long as six years before NCUA filed suit.

Community bank CFO Bob Dieterich runs for Congress in upstate NY.

KINSTON, N.C. -- Self Help CU’s recycled branch here—a former gas station- is green in more ways than one.

Two shareholders say the privately-held core software provider should be sharing more information, such as EBITDA numbers.

Wintrust Financial in Rosemont, Ill., has agreed to buy another failed bank from the Federal Deposit Insurance Corp.

What's the next big idea in financial services mobile apps? If the result of a contest conducted by the Treasury Department is an indicator, an app that simplifies student loans will be a big hit.

Two former executives at Washington Mutual, who paid fines to the Federal Deposit Insurance Corp. last year for the thrift's "reckless" lending practices, plot their next move.

At least a dozen community banks have planned new headquarters in the past year, either by building offices or leasing new digs. Low interest rates and great pricing are making the moves easier.

To satisfy creditors, Big Sandy Holding's bankruptcy plan, filed on Thursday, calls for an auction of its $840 million-asset unit, Mile High Banks.

State Street, in a new program with the University of Massachusetts Amherst, will hire 100 students part time to perform certain back-office jobs and support business lines across the company.

The debate over whether caps on interchange fees were good for consumers is alive and well at the Durbin Amendment's one-year anniversary — even as banks' interchange revenues recover.

Bank of America said Friday it would pay $2.43 billion to settle a shareholder lawsuit over its purchase of Merrill Lynch, in an expensive effort to resolve one of many problems it faces from the financial crisis.

As fraudsters aim at call centers, variations of the technology that's used to coach customer service representatives can be expanded to safeguard the data that's exchanged during calls.