Banking

Few banks with trust-preferred debt would fall below the Basel III capital minimum without the securities. Many are using the phase-out as an opportunity to retire the high-cost funding.

The point-of-sale terminal maker has opened up the application programming interface on its mobile card reader, letting it work with old-school, entrenched point of sale systems. The open strategy may help VeriFone compete against rival Square.

The real-estate industry is using this week's Republican convention to flex its political muscles, defending the tax deduction for mortgage interest and calling for changes to the qualified residential mortgage exception.

The central bank's most recent Beige Book finds disparities both between and within regional districts about the appetite for new loans.

The Treasury Department has released an infographic outlining how the financial reform legislation helps to strengthen Main Street banks. Do you agree Dodd-Frank creates a level playing field for financial institutions?

VeriFone is making good on its original promise to open up its Square-like mobile card reader, Sail, to developers.

Citigroup agreed Wednesday to pay $590 million to settle a shareholder lawsuit over its disclosures about subprime mortgage exposure. The sum is large but in keeping with what some banks have paid to put the crisis years behind them.

A preliminary report from the independent monitor shows that the five servicers in the $25 billion mortgage-settlement pact are so far focusing more on short sales than on loan mods or refis.

As energy cost reduction and sustainability become key strategic elements for banks worldwide, General Manager Dennis McGee outlines an enterprise-wide initiative that uses the cloud to wring out IT efficiencies.

Google Wallet is under increasing pressure — though the mobile wallet has been in consumers' hands for over a year, Google still has fewer issuer partners than its rival Isis, and with the Merchant Customer Exchange wallet on the horizon, Google now faces competition from the very retailers it seeks to attract.

The new employment agreement with veteran banker John Kanas comes just weeks after reports surfaced that the Florida company was again weighing offers to sell.

After I wrote a post last week expressing optimism about this technology's potential, several generous Bitcoin fans sent me small donations of the virtual currency. Thank you. Now stop. Please.

GoldenSource, a provider of enterprise data management software for the financial services industry, has launched a dashboard and data visualization product aimed at driving efficient regulatory reporting.

Citigroup agreed to pay $590 million in cash to settle a lawsuit by investors alleging the bank hid risks tied to toxic assets, the plaintiffs said.

AT&T has agreed to sell Square's smartphone-based card readers in its 1,000 company-owned retail stores.

Cordia Bancorp will invest $3 million to consolidate control of Bank of Virginia in a move Jack Zoeller, Cordia's CEO, says will position the company to make acquisitions and raise capital.

Bank of America (BAC) and Fifth Third (FITB) have joined a growing number of large banks that have simplified disclosure notices on retail checking accounts.

New Jersey bank hopes to better match staff with customer traffic at its branches.

First Community Financial Partners in Joliet, Ill., will combine its four banks under a single charter to increase the availability of products at each one.

Small-business owners are largely cheering Square's decision to offer merchants the choice between a flat monthly fee and a per-transaction charge for credit card processing, but some still raise concerns about the service.