Brian Browdie

The Federal Deposit Insurance Corp. in May issued enforcement orders against eight banks and freed 14 others from prior orders as part of a series of actions released Friday.

Huntington Bancshares said Thursday that it has forged a pact with Cleveland State University that gives its Huntington Bank the exclusive right to operate branches and automated teller machines on campus.

Provident New York Bancorp (PBNY) will raise $100 million through a debt offering.

Peter Aceto, the CEO of ING Direct Canada, joined the "Daily Show" in a spoof of bank regulation, but his appearance wasn't all laughs.

U.S. Bancorp and a nonbank partner have agreed to pay $6.5 million to settle charges that they misled members of the U.S. military about the fees charged on auto loans.

BancorpSouth in Tupelo, Miss., plans to redeem $125 million in trust-preferred securities.

Residential Capital has won court permission to set aside $230 million for payments to homeowners whom the company may have foreclosed on improperly.

Avidbank Holdings (AVBH) in Palo Alto, Calif., has raised $16 million selling roughly 1.6 million shares of common stock in a private offering.

Valley National Bancorp in Wayne, N.J., plans to redeem $15 million in trust-preferred securities.

The Federal Reserve Board has terminated a written agreement with Farmers Bank in Ault, Colo. The May 2010 pact obligated the $232 million-asset bank's directors to strengthen oversight of management.

Fulton Financial (FULT) in Lancaster, Pa., has lured a chief marketing officer from First Niagara Financial (FNFG).

Banks face a looming financial risk from home equity loans, an international ratings agency is warning.

The Bank of New York Mellon has created a new position to oversee its in-house training efforts.

Washington Federal (WAFD) in Seattle has won regulatory approval to switch to a national bank from a thrift.

Savings accounts represent a significant source of financial security for Americans, but some of the accounts are better for savers than others.

The Financial Crimes Enforcement Network has reorganized to strengthen its enforcement of the nation's anti-money laundering laws.

American Express (AXP) has hired Brett Loper, a top aide to U.S. House Speaker John Boehner, to run its Washington office.

Citigroup is opening an office in Baghdad.

Shareholders of San Diego Trust Bank have approved the bank's sale to Pacific Premier (PPBI) in Irvine, Calif.

Flagstar Bancorp (FBC) will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty (AGO).