Jeff Horwitz

The Department of Housing and Urban Development has reached a settlement with Bank of America, which releases the company from liability for failing to provide alternatives to foreclosure on 57,000 delinquent government-insured mortgages.

Even as tight ties between regulators and the regulated are blamed for the housing collapse, former FHA chief David Stevens shows the Washington revolving door is in full swing.

Under the Dodd-Frank Act, the National Futures Association is set to take on a good deal more authority over the swaps and derivatives market.

In an overdraft class action, plaintiffs' attorneys moved to unseal records in the case. This move could prompt greater public scrutiny of banks' motives.

The Clearing House Association has spent the last year stocking up on lobbyists and researchers to bolster its role as a key public policy arm for the biggest banks. Coming August 8, it'll have another new hire.

Banks say they could brush off a European debt crisis. While the odds of a blowup are low, few are buying the banks' claims.

The insurer wants to sell its depository but keep writing mortgages. Essentially, it’s making a bet on regulatory arbitrage — the idea that certain categories of institutions can dodge scrutiny being placed on their competitors.

A Bank of America Corp. philanthropic effort is putting money into keeping students productively occupied over summer break. Huntington Bancshares Inc., meanwhile, is investing in sending them back to school.

If the financial industry were made up of nursery rhymes, Wells Fargo would be Little Jack Horner and Bank of America would be regarded as Pinocchio.

Wells Fargo & Co.'s 29% jump in second quarter earnings reported earlier today overshadowed what at least on its face was a similarly impressive performance in an area that's something of a Holy Grail for commercial banks — cross-selling.

Citigroup's march back continues apace — but its progress in the second quarter proved costly.

The proposed agreement with investors in troubled mortgage-backed securities will go far in determining whether small, third-party servicers can better resolve problem home loans.

Judge calls on HSBC's North American chief to explain foreclosure; B of A tears up the slopes; Huntington marries marketing with fine art.

Citing alleged conflicts of interest in the negotiation of the deal, an investor in two mortgage-backed securities trusts has sought to exempt itself from the $8.5 billion deal and to force a deeper review of Countrywide's practices.

Plans to force the largest banks to hold as much as 2.5% more capital would not put them at a competitive disadvantage to smaller institutions.

Plans to force the largest banks to hold as much as 2.5% more capital would put them at a competitive disadvantage to smaller institutions.

If Bank of America Corp.'s proposal to settle its mortgage-backed securities claims for $8.5 billion is approved as is by a court, the deal would provide the template for other banks to clean up their own MBS messes.

Bank of America Corp.'s proposed settlement of mortgage-backed securities claims against its Countrywide unit would force private-label investors in 530 Countrywide trusts to accept the bank's $8.5 billion offer, B of A officials said Wednesday.

Though its investigation into Morgan Keegan laid out extensive evidence that employees actively misled investors, the SEC's settlement signals the limits of current enforcement.

Regions is integrating its trust, private banking and insurance units into a wealth management division; U.S. Bancorp goes green on its (tax) credits; and more.