Jeff Horwitz

Both companies made progress cleaning up their books and retooling business lines, but they're finding weakness in asset quality and the overall recovery to be especially stubborn.

A Treasury official cut mortgage bankers some slack after facing much criticism; House Democrats announced its members for the House Financial Services Committee; and more

Absent from B of A chief Brian Moynihan's comments on his company's disappointing performance in 2010 was a convincing case that 2011 won't be yet another such year.

Absent from B of A chief Brian Moynihan's comments on his company's disappointing performance in 2010 was a convincing case that 2011 won't be yet another such year.

Bank of America Corp. on Friday pinned an upper bound to its risk of loss from litigation over private-label, mortgage-backed securities: $7 billion to $10 billion.

PNC chief will be in N.Y. to make good on friendly wager over football game; a major builder draws the ire of protesters at a servicing conference; Deloitte's personnel moves; and more.

Executives at Comerica have highly valued Texas expansion for a long time — maybe too much in some eyes, after its big deal announcement Tuesday.

Comerica has often credited Texas expansion with bringing it through the crisis, but terms of the company's Sterling acquisition show how highly it values that geographic focus.

A legal clearing house for restive MBS holders says German banks have recently been enlisting. The claim is hard to verify, but cannot be dismissed solely as the hopeful chatter of lawyers and activist investors.

A legal clearing house for restive MBS holders says German banks have recently been enlisting. The claim is hard to verify, but cannot be dismissed solely as the hopeful chatter of lawyers and activist investors.

While the long-standing 25-basis point fee structure could be altered in any number of ways, it's likely that the changes would reduce the value of servicing rights.

Standard & Poor's has proposed changes to how it evaluates the health and stability of banks — and is asking for industry comment on the plan.

A ruling by Massachusetts' highest court rejected claims made by the banks that they, as securitization trustees, did not have to prove their authority to foreclose on two separate homes.

A ruling by Massachusetts' highest court rejected claims made by the banks that they, as securitization trustees, did not have to prove their authority to foreclose on two separate homes.

New York Fed taps president of N.Y. art museum for director's post; new Nomura analyst not shy about rating various institutions; RBC maintains its professional golf sponsorship; and more.

Ever since private-label mortgage-backed securities litigation began, aggrieved investors have faced an uneasy trade-off between cost and thoroughness: They must prove their losses stem from systemic underwriting flaws, but they can ill afford the time and money required to bicker over how each loan was underwritten.

Though bank trust-preferred CDOs are still a disaster for their original investors, they now garner better prices and are easier to dispose of than they were a year ago.

The announcement by H&R Block that the OCC had rejected HSBC's funding for its refund-anticipation loans suggests regulators weren't willing to wait for the practice's natural death.

Because the lion's share of compensation is derived from loans that cause no problems, competently handling nonperforming loans is not a compelling business model. Being big is.

Chipper phone talk between Vikram Pandit and a Citi service center employee at a N.Y.C. branch opening; the Atlanta Home Loan bank named its president and CEO; and more.