California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's mortgage license in California. The Atlanta servicer had failed for more than a year to provide its California regulator with requested information
The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.
The Justice Department has subpoenaed another subprime auto lender as it extends its investigation into the industry.
Seaway Bank and Trust in Chicago has entered into a consent order with state and federal regulators.
Bank of New York Mellon, the custody bank under pressure from activist investor Trian Fund Management to lift its share price, declined the most in nine months after reporting fourth-quarter earnings that missed analysts' estimates.
The Consumer Financial Protection Bureau on Friday announced four appointments to the agencys leadership team
State Street said fourth-quarter profit fell 3.7% as expenses rose faster than revenue.
Independent Bank Corp. of Ionia, Mich., is consolidating 14 of its 74 Michigan branches.
Prosperity Bancshares in Houston posted higher quarterly profit despite investor concern about the company's energy loans.
A small Georgia lender has reached a deal to avoid a threatened involuntary bankruptcy, though the resolution is likely to leave key legal questions on trust-preferred debt and bankruptcy unresolved.
Huntingdon Valley Bank in Huntingdon Valley, Pa., and Victory Bank in Limerick, Pa., have called off a planned merger of equals.
JPMorgan Chase and Goldman Sachs boosted the cash portion of their leaders' bonuses for the first time since 2010, as a surge in U.S. bank stocks slows.
First Horizon National in Memphis reported lower quarterly profits that were largely due to a dip in fee-based income.
First Citizens Banc Corp in Sandusky, Ohio, is changing its name.