The $15 billion-asset bank said in a press release Wednesday that Kevin Moffitt has been hired to succeed Brian Wildman, who was named MB Financial's executive vice president of consumer banking in March.

A group of CoBank ACB bondholders, including Capital Group Cos., are suing the farm lender after it repurchased $405 million of high-interest bonds over their objections.

The $3.2 billion-asset Park Sterling announced this week that it will hire four commercial and industrial bankers from the $2.3 billion-asset CommunityOne Bancorp to help expand its commercial banking team in the Charlotte metropolitan area.

Community banks and credit unions have banded together to use their combined bargaining power to wrest better terms from what they regard as an oligopoly of core processing vendors.

Banks will likely take a wait-and-see approach before connecting their apps to Siri, Apple's talking digital assistant. Such conservatism poses risks as consumers increasingly demand the latest digital features.

Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset bank, in Pompano Beach becomes first U.S. bank to make credit cards available for use in the Caribbean island nation.

Bank of Tokyo Mitsubishi UFJ has confirmed it is developing a digital currency backed by a blockchain, the same kind of technology that underpins bitcoin.

Bankers are donating money and promoting blood drives in the wake of the deadliest mass shooting in U.S. history. However, a long-term strategy to stay involved with the issues that the tragedy has brought to light is also considered important.

At the same time federal regulators are cracking down on payday loans, another form of short-term credit for low-income Americans is staging an unexpected comeback.

Southside Bancshares in Tyler, Texas, said that Sam Dawson, its chief executive since 2012, will retire at the end of the year and that its president, Lee Gibson, will succeed him.

At least one school district will soon review hiring a collection agency to offset aid it is not receiving as a result of the state's budget crisis.

Instead of fighting to own customer data, banks need to embrace a new model: becoming personal data banks that help customers do more than manage money.

The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations reveals that consumers’ earnings and household income expectations for the coming year declined slightly from April to May while credit availability perceptions compared to last year and the coming year remained unchanged.

Debt collectors, credit card companies and mortgage lenders have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

WASHINGTON — Congress may end up revisiting a long-fought battle over debit interchange fees after Rep. Randy Neugebauer, R-Texas, introduced legislation Tuesday that would eliminate current caps that were part of a contentious addition to the Dodd-Frank Act.

Bank of the Ozarks in Little Rock, Ark., has launched a subordinated debt offering that was well telegraphed to the market but that is smaller than some had anticipated.

The FTC and the Florida Attorney General’s office have charged a web of related defendants with bombarding consumers with illegal robocalls in an attempt to sell them bogus credit card interest rate reduction and debt relief services.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

A growing number of marketplace lenders and other fintech companies say they no longer use FICO scores or are using them in a limited way. The open question is whether their alternative methods will be more effective.