Banking

Servicers reported a significant increase in the number of new loan modification trial plans in the second quarter, due mostly to the $25 billion mortgage settlement, OCC officials say.

By proposing to design regulations intended to shape state laws and practices, the FHFA is picking a fight with the states that will overshadow any economic benefit from risk-based pricing.

BBVA shows off its innovation knowledge by publishing a digital magazine on it. September marks the third issue of Innovation Edge, with content exploring how gamification and financial services can work together.

Flagstar, the $14.3 billion-asset company's board Tuesday approved a reverse split of outstanding shares that will give holders of Flagstar common stock prior to Oct. 24 one share for every 10 they own.

Umpqua Bank will open its first retail branch in San Jose early next year as part of its continued expansion in the Bay Area.

Spire Payments will partner with technology investor Newland Computers in developing future products and rolling out a new line of point-of-sale terminals.

Naugatuck Valley Financial in Connecticut has named William C. Calderara its president and chief executive.

U.S banks — with PNC and U.S. Bancorp being only the latest — have been the targets of cyber attacks all week. How can they protect themselves?

Discover Financial Services (DFS) earned $621 million for its third quarter ended August 31, 2012, up 3% from the same period year earlier, the company said Thursday.

First Bancorp in Troy, N.C., has agreed to buy a branch from Four Oaks Fincorp in Rockingham and will also acquire $64 million in deposits and $22 million in loans associated with a branch in Southern Pines.

Discover Financial Services (DFS) earned $621 million for its third quarter ended August 31, 2012, up 3% from the same period year earlier, the company said Thursday.

MidSouth Bancorp (MSL) in Lafayette, La., is expanding northward with an agreement to buy PSB Financial in Many, La., for $39 million.

Mortgage performance at national banks improved slightly in the second quarter, and seriously delinquent loans were at their lowest level in three years, the OCC said Thursday.

Credit card indicators are looking good, with August numbers showing charge-offs decreasing for most asset-backed securities trusts.

Barclaycard U.S. has hired a new chief financial officer and chief marketing officer to its executive team.

TAMPA, Fla. – Suncoast Schools FCU has opened four middle and elementary in-school branches in Hillsborough, Citrus and Collier counties, including FishHawk Creek Elementary School in Lithia.

Taylor Capital (TAYC) will take a $3.7 million charge for the third quarter after its bank decided to extinguish some of its outstanding debt.

Both PNC and U.S. Bancorp said Wednesday that customers encountered delays when trying to bank online, bringing to at least five the number of banks that have experienced Internet slowdowns since a cyber-threat against American banks emerged last week.

Wells Fargo, one of the banking companies that has settled charges of mistreating military customers, has created a new military services program and promoted Maj. Jerry Quinn to lead it.

West Coast Bancorp's pending $506 million sale to Columbia Banking System could serve as a green light for private equity firms itching to cash out of post-crisis bank investments.