Chris Cumming

Auto-loan delinquency rates inched up in the first quarter, due largely to an increase in subprime loan balances, according to a new report.

In the wake of his Deloitte crackdown last week, New York financial regulator Benjamin Lawsky called for more reforms, and punishments, of the bank consulting industry.

Bank of America is laying off hundreds of workers from a unit that services troubled mortgages.

The Office of the Comptroller of the Currency has taken action against a Missouri bank and freed four others from regulatory actions.

Southern Missouri Bancorp in Poplar Bluff, Mo., has agreed to buy Ozarks Legacy Community Financial in Thayer, Mo.

The chief executive and three directors of Atlantic Coast Financial (ACFC) are leaving the company after shareholders rejected a proposed sale to Bond Street Holdings earlier this month.

Reliance Bancshares in St. Louis has named a new chief executive for its bank unit.

California Republic Bancorp in Irvine has securitized and sold $238 million of notes backed by its car loans.

Renato Ramirez, who grew up in Laredo, Texas, and heads a bank there, recently received his community's most prestigious award for his philanthropic efforts.

New York regulators announced a $250 million settlement Thursday with Bank of Tokyo Mitsubishi-UFJ (BTMU) for violating United States sanctions against countries including Iran, Sudan and Myanmar.

OptimumBank Holdings (OPHC) in Fort Lauderdale, Fla., can keep listing its shares on the Nasdaq now that a reverse stock split has brought the stock above the exchange's minimum price.

Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.

The $804 million-asset bank will offer as many as 1.45 million shares to the public at $14.25 a share, which could produce as much as $20.7 million.

Cambridge Savings Bank in Massachusetts has hired new chief financial and marketing officers.

People's Utah Bancorp in American Fork is buying Lewiston Bancorp in Lewiston, Utah.

In the first case of a state taking on bank consultants, New York regulators have banned Deloitte Financial Advisory Services from financial consulting for one year.

Small-business owners are feeling more bullish about the economy than they have in three years, a new Citigroup (NYSE: C) study has found.

M&T had delayed plans to buy Hudson City Bancorp because of the Federal Reserve's compliance concerns, and an order made public Tuesday details what the Buffalo, N.Y., company has to fix.

Ellie Mae (ELLI) has upgraded its mortgage management system, Encompass360, to include over 200 new features.

The $56 billion-asset company is offering auto loans in all six New England states, it said Monday. Its Connecticut auto-lending team, working out of a Massachusetts office, has signed up a number of the state's roughly 140 new-car franchise dealers.