May 15
HSBC will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability.
Maria Aspan | May 14
Citigroup is selling its Brazilian credit card and consumer finance business to Banco Itaú Unibanco.
Robert Barba | May 14
Popular in Puerto Rico is selling another book of loans as part of its attack on credit problems. The multimillion-dollar hit from the sale will be offset by a gain from the IPO of a payments processor.
Kevin Wack | May 14
A preference for greater simplicity in consumer banking products is one legacy of the financial meltdown, but the challenge for banks is delivering on the promise.
Chris Cumming | May 14
Three banks are among the companies that employ the highest number of underbanked Americans, according to a study released Tuesday.
Kate Berry | May 14
Ally Financial said Tuesday that it has settled all claims with its subprime mortgage unit Residential Capital and between all third parties and ResCap excluding securities claims brought by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp.
Brian Browdie | May 14
Lender Processing Services has agreed to pay $14 million to settle claims the company deceived investors about its business practices.
David Heun | May 14
Prepaid cards have been at the heart of several data breaches in recent years because their traits can make them easier for fraudsters to exploit.
Brian Browdie | May 14
Wells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies.
Brian Browdie | May 14
Opus Bank in Irvine, Calif., said Tuesday it has formed a unit within its commercial banking division that will lend money to physicians, dentists, veterinarians and ophthalmologists for practice deals, equipment financing and other capital needs.
Rachel Witkowski | May 13
The Consumer Financial Protection Bureau's push to encourage private lenders to refinance student loan debt is raising questions about whether the agency is focusing on the right target.
Kate Berry | May 13
Scott Simon, head of mortgage-backed securities operations at fixed income giant Pacific Investment Management Co., argues on the eve of his retirement that the government-sponsored housing enterprises should continue to play a major role in housing finance.
Chris Cumming | May 13
Nearly everybody knows that paying loans on time can help raise their credit score. But beyond that, a large percentage of Americans know little about their scores, a new survey found.
May 13
JPMorgan Chase said it will face enforcement action from federal regulators over its collection practices and add-on products commonly appended to credit cards.
Brian Browdie | May 13
A combination of low yields and loosening terms may be setting banks up for trouble in the event of an economic downturn, one of the nation's top credit ratings agencies said Monday.
