Harry Terris | May 08
Small banks perch in small-business lending is being steadily eroded by large, credit-card issuing competitors.
Kate Berry | May 08
Chief Executive Brian Moynihan faced angry comments from more than 30 shareholders, but most criticized the company's financing of the coal industry, not its mortgage servicing or foreclosure practices.
Brian Browdie | May 08
More than 60% of the banks still remaining in the Troubled Asset Relief Program have been labeled "problem" institutions by the Federal Deposit Insurance Corp., casting doubt on their ability to repay the Treasury Department before the program is wound down.
Andrew Jakabovics and John Griffith | May 08
New reports from Fannie Mae and Freddie Mac show the value of a government guarantee on multifamily mortgages.
May 08
Mega-banks are feeling pressure from shareholders and the public in ways that seemed unlikely even a few weeks ago. At JPMorgan Chase, directors and managers face the very real prospect that shareholders will vote to strip chairman and chief executive Jamie Dimon of his board oversight role after a leading advisory firm charged the company with material failures of stewardship and oversight. In Charlotte, N.C., protestors planned large-scale events outside Bank of Americas annual meeting in the sort of public display that could push the biggest banks into making the sorts of changes that governance scolds have long demanded.
May 08
Freddie Mac will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company's history.
Brian Browdie | May 08
Payments processor Elavon has named Simon Haslam its chief executive officer. Haslam had been the head of international markets for the U.S. Bancorp unit.
Alan Kline | May 07
Shares of Bank of America and Wells Fargo have been on a roll in recent days and the New York attorney general's pledge Monday to sue the banking giants did nothing to slow their momentum.
Jeremiah S. Buckley | May 07
The case for a national housing finance commission.
Rachel Witkowski | May 07
A bank cited by regulators for lending policies allegedly favoring minorities and women over white males is proof for some of just how frustrating it is for institutions to comply with fair lending laws.
Rachel Witkowski | May 07
Regulators are trying to shut down Mission Settlement Agency in New York and Premier Consultant Group in New Jersey, alleging they charged millions of dollars in unnecessary fees.
May 07
Residential Capital, the bankrupt mortgage company, won more time to file an exclusive plan to reorganize while it attempts to settle a dispute between creditors and parent Ally Financial.
Maria Aspan | May 07
Big banks have been among the most vocal supporters of gay rights in the workplace. Many LGBT bankers laud the progress but say diversity efforts still sometimes fall short.
Brian Browdie, Bloomberg News | May 07
JPMorgan Chase is facing a growing chorus of calls to oust some of its board and strip Jamie Dimon of his chairmanship.
Kevin Wack | May 07
Banks hope that banking regulators will allow them to avoid taking an accounting hit when they offer forbearance to recent college graduates, many of whom are either out of work or underemployed.