The Dec. 2 mass shooting has shone a light on the sector's vulnerability to borrowers who, exploiting the absence of face-to-face contact on the Internet, lie on their loan applications.

Even though Walmart has been a key member and driving force behind the Merchant Customer Exchange joint venture to establish a new mobile wallet, the retailer's addition of Walmart Pay to its mobile app is consistent with strategy, and will lead to a wave of individual bank and retailer initiatives.

Industry groups representing a range of companies in retail, technology, financial services and utilities filed eight amicus briefs last week in a D.C. Circuit Court supporting challenges to the FCC's landmark ruling that expanded the agency’s rules under the TCPA.

JPMorgan Chase's Eileen Serra is giving up her CEO title (for a very interesting reason); CIT Group's Ellen Alemany is getting to work sooner than expected with a big housecleaning; and Meredith Whitney resurfaces with an insurance company. Plus, inclusion confusion, the "Person of the Year" (it's a woman for the first time in 29 years), and Saudi Arabia.

Strong financials were an important consideration behind the $1 billion merger, but it often takes more than good numbers to compel Korean-American banks to merge. Hanmi Financial found that out the hard way after its unsolicited bid for BBCN largely fell on deaf ears.

A large investor in 1st Source is planning to sell nearly $37 million of the South Bend, Ind., company’s stock.

JPMorgan Chase has shuffled three top executives in credit cards, mortgages and mortgage servicing.

The $1.1 billion-asset company said in a press release Thursday that Thomas Vertin will also become its president on Jan. 1.

Southwest Bancorp in Stillwater, Okla., has cut ties with its chief banking officer and promoted three executives.

The best commercial lenders take enough interest in their clients to speak up when they see credit as not serving the long-term success of a company.

Sections of a new proposal from Missouri Attorney General Chris Koster to curb debt collection practices he believes are abusive has the support of the Missouri Collectors Association.

Angus Deaton's efforts to improve understanding of poverty have helped open the door to financial services firms meeting the market demands of the world's poor.

Bank of America passed the Federal Reserve's annual stress test after resubmitting its capital plan and persuading regulators it improved internal controls and loss and revenue models.

First Tennessee Bank has established a partnership with the nonprofit Operation Hope to offer free financial literacy workshops and counseling sessions in several branches.

Eileen Serra, 61, the chief executive of the Chase Card Services unit, will step down in January and become an adviser to the company on growth initiatives, according to a memo Wednesday from Gordon Smith, JPMorgan's CEO of consumer and community banking.

Eileen Serra is stepping down as chief executive officer of JPMorgan Chase's credit-card business and will be replaced by Kevin Watters, who is currently head of mortgage banking.

The $30.2 million-asset Citizens, in Hartford, Ky., agreed to pay a 1.77% premium for the branch's average daily balance of assumed deposits for the ten days prior to the closing date.

Carolina Financial in Charleston, S.C., plans to raise $30 million in a public offering of its common stock.