Banking

Observers call the digital payment giant's agreement with the card network a "good marriage."

NMI Holdings, which raised $550 million in April to open a mortgage insurer, faces a lawsuit from an Arizona regulator, highlighting the role of state watchdogs as the industry seeks to recover from years of losses.

PHOENIX – Members of FirstCorp have officially approved a “unique consolidation” of the corporate into Catalyst Corporate FCU, Plano, Texas.

Dunkin' Donuts likes to brag that its coffee beats Starbucks in a national taste test. Now it aims to beat its rival in mobile payments as well.

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The private-equity firm Lovell Minnick Partners has invested $50 million in TriState Capital Holdings in Pittsburgh.

Bank of America has ceased selling all payment protection plans to credit card customers, killing off a business line targeted by regulators.

A Newport Beach, Calif., firm that buys problem loans from banks has struck its second deal in less than a week.

Dealmakers have been pushing bankruptcy recapitalizations for a few years. The time may now be ripe with credit quality improving while debt loads linger.

WASHINGTON — The Federal Deposit Insurance Corp. next Tuesday will release its latest quarterly update on earnings, loan growth and other indicators for the entire banking industry.

Fast food retailers like Dunkin' Donuts and McDonald's are beginning to offer mobile apps and contactless debit payments. Their models have flaws, but they also pose a new challenge to banks' role as a driver of payments innovation.

Visa is offering a new data encryption service that could compete with third-party security vendors' offerings. The service's launch also indicates the card brand's growing desire to push beyond the requirements of the Payment Card Industry data security standards.

Large banks control the lion's share of the industry's total outstanding loans, but smaller banks are adding loans at a faster clip, according to a new report from Keefe, Bruyette & Woods.

The Federal Housing Finance Agency took another step to alleviate burden on borrowers struggling with their mortgage payments.

Private crop insurers, a group led by Wells Fargo and Ace Ltd., may face losses that exceed $5 billion if this year's U.S. drought is worse than one in 1988, Standard & Poor's said.

Merger will allow the trading software vendor to broaden its range of business intelligence offerings.

Business apps have all the same features provided to consumers in existing mobile apps.

Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that they need financial behemoths to operate globally.

First Midwest Bank in Itasca, Ill., has expanded its ATM network by joining the Allpoint Network.

Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that financial behemoths should be held together for their sake.