News

Jack Henry & Associates is buying iPay Technologies for $300 million, the Missouri-based data processing and integrated technology company's largest acquisition yet, the company said.

Unitus Community Credit Union in Portland, Ore., has signed up as a user of the personal financial management, Web community and social media tools of Geezeo.

The $819 million Silver State Schools, is on the financial mend despite shedding five of its 21 branches and witnessing the high level departure of top executives, said the president of its lead insurer, American Share Insurance of Ohio.

Those banks that have started easing their commercial lending standards have done so in response to increased competition from other banks and nonbank sources, according to a recent Federal Reserve Board survey.

The top House Republican on financial issues is urging senators to wait 30 days after all amendments are approved before a final vote on the regulatory restructuring plan.

Although 290,000 new jobs were created last month, unemployment increased to 9.9% because of an increase in the size of the labor force, the Department of Labor reported today.