Banking

MasterCard became the first payments network to issue a license to a Myanmar bank as the Southeast Asian nation moves toward integrating with the global financial system after decades of military rule.

VeriFone Systems reported third-quarter sales that fell short of analysts' estimates, citing unfavorable currency swings, competition in Europe and a fire in Brazil.

BMO Harris Bank in Chicago is opening a corporate banking office in Atlanta as part of its expansion outside the Midwest.

Google, like its mobile-pay rival Isis, relies on phones built with Near Field Communication chips to support its mobile wallet. So the growing number of NFC-equipped phones should give the Google Wallet a strong boost — shouldn't it?

As Elizabeth Warren and other Democrats mounted their defense of Dodd-Frank on Wednesday, they sought to counter Republican charges that President Obama doesn't understand the private sector by pointing to the steps he has taken to help small business.

LOS ANGELES – USC CU has moved its University Park Campus office to the Campus Center Courtyard after 15 years in King’s Hall.

The San Francisco bank and Riverwoods, Ill., credit card company could "marry their existing attributes, by both building upon existing strengths while solving each side's challenges," it argues.

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Citigroup Inc. and Goldman Sachs Group Inc. were sued in New York by lender IKB Deutsche Industriebank AG over losses on $210.6 million in mortgage-backed securities.

A group led by City National CEO Russell Goldsmith is looking to push an agenda for banks with $7 billion to $30 billion in assets.

Columbia Bank in Fair Lawn, N.J., will use Trusteer Rapport for Enterprise to protect its employees' computers against malware used for advanced persistent threat attacks.

Wright Express, a leading issuer and processor of fleet and other prepaid cards, has signed a definitive agreement to acquire Fleet One for $369 million in cash from private equity firms LLR Partners and FTV Capital.

The Federal Deposit Insurance Corp. next week will unveil the latest national estimates of who is unbanked in this country.

The American Bankers Association's board is expected to approve a plan Thursday to get into the SuperPAC game.

Financial institutions that do the same things should have the same oversight. Unfortunately, we're a long way from regulatory parity, even after Dodd-Frank.

The Office of the Comptroller of the Currency promoted Ellen M. Warwick to oversee its law department division, the agency said Wednesday.

A program that encourages saving through periodic cash giveaways is attracting interest among credit unions across the country, and could be debuting at banks in Maryland as early as next year.

For community banks, the Dodd-Frank reform law presents a lot more questions than answers. For Washington State's Cashmere Bank, it was time to turn to outside help.

Ingenico continues to pursue U.S. market share to capitalize on the breakup of rival payment-terminal maker Hypercom last year, and wireless terminals are a key part of that strategy.

BBCN in Los Angeles was a prominent newcomer, but the bulk of Sandler O'Neill's eighth annual small-bank all-star team still hails from east of the Mississippi.