Banking

Kentucky First Federal Bancorp said Friday that Tony Whitaker will step down as its CEO and as the president and CEO of its two thrifts.

We provide answers to frequently asked questions about what Treasury did, why it made its move — and what it means for the future of Fannie and Freddie.

The rumor mill is catching fire as Apple nears its next product launch. Changes to the iPhone, iPad and other systems could affect initiatives at many payments companies.

Spirit of Texas Bank SSB in College Station said Friday that it is buying the $77 million-asset Oasis Bank in Houston.

Mutual thrifts looking to convert to publicly traded companies run the risk of increased pressure from activist investors. While the conversion process alone makes it easier for dissidents to accumulate shares, some observers say mutuals are also suffering from lax enforcement of rules designed to protect them.

Plaintiffs charge that Fifth Third's deposit advance program skirts Ohio state lending law by charging a fee that really amounts to interest on the loan.

Two businessmen, including a former Wachovia banker, were sentenced to federal prison for a $3 million bank fraud Thursday.

As an IRS deadline approaches, Capgemini, Pegasystems, and DLA Piper see opportunity in helping plug compliance system holes.

Trulia Inc., an Internet startup focused on residential real estate, filed to raise $75 million in an initial public offering, aiming to capitalize on an improving U.S. housing market.

Sabal Financial, a Newport Beach, Calif., firm that invests in distressed assets, has acquired $69 million of loans from BB&T (BBT) of Winston-Salem, N.C.

The management of 1st Constitution (FCCY) in Cranbury, N.J., is planning to raise up to $7 million through a rights offering.

From Paul Ryan on Volcker to Julie Williams leaving the OCC, Washington managed to dominate banking news during a week when it's traditionally a ghost town.

The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, four years after the government bailout of the beleaguered housing behemoths.

Howard Boville, a network executive, was hired away from British Telecom.

Eight months after abandoning plans to sell itself, BankUnited (BKU) in Miami Lakes, Fla., is once again weighing offers from potential buyers, the New York Post reported Friday.

If transportation is a leading indicator of payments technology, the joint project between Metro North Railroad and Long Island Rail Road could be a boost for bar-code-based payments.

The Treasury Department today announced plans to accelerate the winddown of Fannie Mae and Freddie Mac.

In a week's time, the mobile payments world was turned upside down as Square announced a major partnership with Starbucks and a radically different pricing option for merchants. Now payments providers are beginning to piece together how they can ride this wave instead of getting crushed underneath it.

It took the Denver company nearly a year to complete its purchase of a rival twice its size. The deal, which required raising capital to buffer against the seller's credit issues and complete a Tarp repayment, illustrates the difficulty of making small but ambitious acquisitions.

MANSFIELD, Texas – Texas Trust Credit Union has purchased two office buildings with nearly 80,000 square feet of space that it designated to become its new corporate headquarters.