Banking

Walter Investment Management (WAC) in Tampa, Fla. said Tuesday that it is acquiring Reverse Mortgage Solutions for $120 million.

The Dan Beard Council of the Boy Scouts of America has begun using a mobile card reader from VeriFone in its Annual Popcorn Sale.

The Dan Beard Council of the Boy Scouts of America has begun using a mobile card reader from VeriFone in its Annual Popcorn Sale.

The City of Boston Credit Union is studying data on its members' profitability in the hopes of moving to relationship-based pricing.

Bank of Commerce of Redding, Calif., is selling its majority stake in a mortgage lending company, a move some industry observers say makes sense given a challenging regulatory environment.

Responsible for its ubiquitous "What's in your wallet?" tagline, Bill McDonald helped establish Capital One as one of the nation's most recognizable consumer brands.

S&T Bank in Indiana, Pa., has added two lenders as it continues to expand its commercial lending business.

Software automates the submission of IRS forms for foreign institutions that have U.S. resident clients.

Union First Market Bank in Richmond, Va., has added an iPad app to its mobile offerings.

Shares of BNCCorp soared Tuesday after the Bismarck, N.D., company announced that it was terminating a planned stock sale that threatened to dilute investors' holdings.

Intermountain Community Bancorp plans to conduct a 1-for-10 reverse stock split on Oct. 5.

SWIFT proposes that banks reinvent themselves as "digital asset" guardians, protecting customers' personal data and acting as their trusted agent in dealings with merchants. Will the idea fly?

The branchless bank is combining retail banking, retirement and insurance services in its online banking site.

Financial institutions with a long-term strategic interest in the credit card business should reap the benefits of the existing safe harbor and buy while it lasts. Those who don't should take advantage of the current environment and sell.

Awareness of contactless card payments in the UK has nearly doubled in the past year, resulting in more than a million payments per month, according to research that provides plenty of food for thought for the U.S. and other countries where such cards are available.

Risk management still has its weak spots, despite the valuable lessons banks learned from the financial crisis. Practitioners wonder if stopping the next blow-up is even a reasonable goal for the profession.

Bankers can declare an end to their summer of scandal now that Labor Day is done — but it remains to be seen whether the next few months will be any better.

Its future is as debated as any topic within credit unions, and as one panel of CEOs and analysts here made clear, that debate over what is to become of branch networks is not near being resolved.

Members of FirstCorp have officially approved a "unique consolidation" of the corporate into Catalyst Corporate FCU, Plano, Texas.

The Ponemon Institute says more employees are using cloud storage services to store business informations without asking permission - a dangerous trends that has IT practioners concerned.