Banking

Calling the bank an American-Zionist property, cyber attackers threaten to continue until video is "erased."

CLEVELAND – Cardinal Community CU is opening a branch at Lake Catholic High School.

Federal Reserve Bank of New York President William C. Dudley said the central bank's new stimulus is vital for boosting "unacceptably slow" improvement in economic growth.

Lending for mortgages dropped in 2011 as refinancings declined and many borrowers relied on loans backed by the Federal Housing Administration, according to bank regulators' 2011 data on housing loans.

Cullen/Frost Bankers will close four branches in the Rio Grande Valley this fall. The company gained the branches after it bought the parent company of the $401 million-asset Alamo Bank of Texas in 2006.

MasterCard announced this week a software toolkit to help turn any Near Field Communication enabled Android or Blackberry smartphone into a mobile wallet.

New HMDA data show FHA- and VA-supported loans holding a huge share of the market as overall home loans and refis are still on the decline.

The Japanese bank will offer customers a device that generates one-time passwords.

FirstMerit's deal for Citizens Republic in Michigan sent a message that acquisition prospects in Chicago are weaker than first thought — and deal forecasters back to the drawing board.

Fannie Mae has named the former chief litigation counsel for Pfizer (PFE) as its general counsel and corporate secretary.

While deposit-driven financial institutions, at best, could use small-dollar loans to bring in customers who would later purchase other products, installment lenders have been successfully serving underserved communities for close to 100 years.

Though banks have always measured customer satisfaction, there is a greater focus now on understanding exactly what drives the customer experience and how it can help the bottom line.

More than 1,100 legal entity identifiers — Social Security numbers of a sort for businesses — have been registered.

BNCCorp (BNCC) has reversed a portion of the valuation allowance against its deferred-tax assets, which will result in an $8.8 million net benefit for the Bismarck, N.D., company.

Bankers' banks are evolving into trusted advisors to small banks just a few years after a pair of high-profile failures pared their ranks and damaged the group's credibility.

The supplier of enterprise data management products for the securities and investment industry, is now offering its software as a managed service.

The investment and risk advisory arm of Allianz Global Investors is strengthening the analytics and data management of its risk systems.

D.A. Davidson, a Portland, Ore., investment bank has recruited two bank M&A advisors in Chicago, Stephen Nelson and Eugene Katz, from rival Hovde Financial.

American Express said it has hired Erich Ringewald, the former chief technology officer of Boku, to be its vice president of software product management.

As branch traffic shrinks and the need to improve customer service grows, video-equipped ATMs are catching on. But is a small location with a video connection and non-existent staff a branch?