Paul Davis

Alabama has become a battleground over cheap deposits and lucrative commercial loans in the wake of three failure-related takeovers.

Bank of America Corp. on Monday defended itself from claims it misled investors about bonus payouts at Merrill Lynch & Co.

The $175 billion-asset company has already raised $870 million by selling 33.45 million shares at $26 each, according to sources familiar with the offering who asked not to be named.

BB&T's aggressive markdown of Colonial credits, very much akin geographically to the Winston-Salem, N.C., company's own, is raising analysts' eyebrows.

By absorbing Colonial Bank, BB&T Corp. is staking a claim to be the Southeast's dominant regional bank, but it will face challenges maximizing the value of the purchase.

Bank of America Corp. promoted Cathy Bessant to president of global corporate banking under a plan to link its corporate bankers to more products.

By absorbing Colonial Bank, BB&T Corp. is staking a claim to be the Southeast's dominant regional bank, but it will face challenges maximizing the value of the purchase.

Wells funds over $200k for business owners' study; new Bank of America exec buys shares of stock in the company; Royal Bank of Scotland hires a CFO.

At the center of several scenarios for the company's future is one of its remaining tasty morsels — a profitable branch network in Texas.

Colonial BancGroup Inc. said Wednesday that it will delay filing its second-quarter financial results with the Securities and Exchange Commission because of a criminal probe into "accounting irregularities" in its warehouse lending division.

Private-equity firms have been adding ex-bankers to their lineups the way New York sports teams stock up on free agents. But can these hirings help their new companies win over inherently skeptical regulators in their quest to buy banks?

The Alabama State Banking Board is to meet Wednesday for what could be the death knell for Colonial BancGroup Inc.

Keeping track of the New York Fed chief's schedule; JPMorgan Chase banker retires after 41 years; Bank of America names general counsel.

Bank of America is selling its PayMode electronic payment and remittance processing service in a deal that would give the bank a stake in another payments company.

Bringing a former competitor into the corporate suite before they prove themselves internally runs afoul of long-standing philosophies held by Kenneth D. Lewis, B of A's chief executive, and predecessor Hugh McColl Jr.

The hiring of former Citigroup executive Sallie Krawcheck and the abrupt departure of veteran Liam McGee has kicked off a five-candidate race to succeed president and chief executive Kenneth D. Lewis.

In the latest results-reporting period, many bankers touted a drop in loans that are one payment late. Bank of America Corp. said that such delinquencies had fallen for a second quarter in a row.

Colonial BancGroup Inc. of Montgomery, Ala., said Friday that there is "substantial doubt" it will survive after a plan to sell itself to a Florida mortgage lender fell through.

John T. Collins, William Barnet 3rd, and Gary L. Countryman resigned from the board this week, the company said in a regulatory filing.

Retail banker lays out leadership lessons in his new book; M&T Bank chief takes Wall Street to task in op-ed piece; Risk Management Association tags interim chief.