Dynasty accuses Merrill of acting in distorting the court record in its attempt to force a dispute over a giant breakaway team before FINRA arbitrators.

In a sternly written footnote, federal Judge Steven Merryday said the SEC's refusal to release information on its penalty calculations appears to "countenance duplicity, gamesmanship, neglect, insouciance" or worse.

JPMorganChase's Alfredo Porretti has left the firm; two junior Goldman Sachs bankers took part in a controversial fashion shoot; Societe Generale appointed Selina Cheung head of equity capital markets in Asia Pacific; and more in this week's banking news roundup.

New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.

The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.

Affordability improved in February as rates dipped below 6%, but March's climb to 6.43% signals tougher months ahead. Lenders should act now on pockets of opportunity before rising rates erode recent gains.

New app-based programs resemble payday loans, often trapping users in a pattern of fee-based transactions while demanding "tips" that cost some consumers hundreds of dollars per year.

Banks are a critical link in the chain of elder fraud; blockchain is exciting and infrastructure is boring, but they're actually the same thing; and there are way more home sellers than buyers.

In a digital world, paper checks are an expensive, inefficient and unsecured vestige of the past. Bankers, regulators and policymakers need to come together around a strategy to eliminate their role in the U.S. financial system.