Banking

Simmons First National (SFNC) in Pine Bluff, Ark., has outlined a succession plan as it readies for the retirement of its chairman and chief executive, J. Thomas May.

Beltway politics is hurting bank M&A, consumer confidence — but it's also time for bankers to stop opposing Dodd-Frank, says the former Obama chief of staff.

Army Aviation credit union formats its content to fit different devices, such as the web and smartphones.

Low interest rates have allowed banks of all sizes to rotate out of time deposits and build up transaction accounts, but key differences in funding profiles persist across asset classes.

The Floyd, Va., company posted a big loss after purging its balance sheet and absorbing costs of a May proxy battle. The fight, led by Douglas Schaller, brought in three new directors and the accelerated departure of Cardinal's longtime CEO.

No digital wallet can reach ubiquity if it is limited to big-box stores. Mobile solutions have to percolate down at the local coffee shop as well, where they can become part of the customer's daily grind.

Hackers seeking cardholder data most often find openings in a small merchant's payments network because of something a third-party vendor did or did not do when installing payment applications.

Treasury announced that it had appointed two directors to Ally Financial's board of directors, noting that the firm still owes money it borrowed from the Troubled Asset Relief Program.

Home BancShares, in Conway, Ark., has agreed to pay $1.4 million for Premier Bank in Tallahassee, Fla. Premier's parent is in bankruptcy proceedings, which could spur rival bids for Premier.

Federal regulators issued proposals on Wednesday that would make home appraisals essentially compulsory in certain cases before banks can approve a loan.

IBM engineers have discovered that electrons can dance, an ability that they believe can be harnessed to change the way semiconductors operate.

The rules for mortgage servicing were written primarily for the largest players, but it is the smaller ones that will have the hardest time absorbing the costs.

EverBank's announcement this week that it has set up a division to lend to golf equipment makers is the latest example of a bank trying to distinguish itself as a niche lender. Whether banks acquire units or start them from scratch - usually by wooing away rivals' lending teams - the objective is the same: Offset weak demand for traditional business and consumer loans.

The market for mortgage securities backed by the U.S. government is the smallest in three years, bolstering the value of the debt and potentially expanding the effects of any new buying by the Federal Reserve.

In the first episode of this new video series, Steve Van Wyk, CIO of ING, on global tech leader shares his views on how private and public cloud computing is changing the U.S. banking landscape, and what CIOs should be doing about it.

Site will let customers share software add-ons they create for the Episys platform.

Two years after converting the preferred shares it owned in Sterling Financial (STSA) into common stock, the Treasury Department is now looking to sell those shares on the open market.

Fannie Mae and Freddie Mac have expanded efforts to get refunds on soured mortgages, boosting the cost of faulty home loans and foreclosures at the biggest U.S. banks since 2007 to at least $84 billion.

With newcomers like Square gaining momentum in mobile payments, processors are more aggressively offering customers reasons to stick with them as merchants accept more payments outside their retail stores.