Banking

Technologies like automated underwriting held great promise to manage risk while easing the pain of the mortgage experience for borrowers. But a lack of discipline ushered in an environment where simple rules decide who obtains credit.

After years of questions over whether regulators can impose "source-of-strength" rules, regulators are prepping a clearer standard that would, among other things, give them more oversight of some commercial firms such as Target and Toyota.

Fifth Third Bank is launching a commercial card that has an EMV chip to allow the bank's business customers to make payments overseas.

Fifth Third Bank is launching a chip-embedded commercial card that will allow the bank's business customers to make payments overseas.

Meta Financial Group (CASH) in Storm Lake, Iowa, will raise $34.2 million through the private placement of stock to a group of investors and will use the funds to recapitalize its bank and support growth.

Unprecedented regulatory demands and competition require banks to continue innovating and diversifying, says Aubrey Patterson, the Tupelo, Miss.-based company's longtime CEO, in a wide-ranging interview.

A blog about a sister's death and the insurance company's unwillingness to pay made big waves via Tumblr and cast a spotlight on social media sites beyond Facebook and Twitter.

CreditCall and ChipCap separately announced new readers that handle chip-and-PIN payments from cards that use the EMV standard.

Washington Federal (WAFD) in Seattle has sold $2.4 billion of fixed-rate mortgage-backed securities and prepaid $876 million in long-term debt.

Seeking to increase its visibility in northern California, American River Bankshares (AMRB) in Sacramento has combined its three separately named banks under the name of its flagship brand.

Mutual thrift execs are having second thoughts about going public as dissident investors mount increasingly aggressive attacks on management. Critics charge the investors with gaming the system.

Western Liberty Bancorp (WLBC) was built to buy — but now it has decided to sell.

PNC, the Pittsburgh-based bank, already has 118 buildings certified as energy-efficient.

BOK Financial in Tulsa, Okla., has acquired the Milestone Group, a boutique investment firm in Denver that caters to high-net-worth families in Colorado and Nebraska.

Credit union board members are being reminded to get their liquidity plans in order, while also preparing for an iffy recovery in the economy.

Improved market conditions likely sparked Target's announcement last week that it is in talks with "several well-qualified partners" interested in buying its credit card portfolio.

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In a surprising reversal, the Consumer Financial Protection Bureau proposed rules on Friday that will allow lenders to continue offering discount points and fees rather than a flat fee when originating home loans.

The Treasury Department plans next week to auction preferred shares in five banks that received a combined $84 million from the Troubled Asset Relief Program.