Sara Lepro

Bank of America is foreclosing on a Florida office building where the main tenant is … Bank of America; penny-wise and pound foolish mortgage servicers.

Lenders are focusing increasing attention on alternative credit scoring data in the wake of a financial crisis in which critics accused them of relying excessively on traditional scoring methods.

The Bank of America CEO said at a Sanford Bernstein conference in New York that the bank is working to take the unknowns out of the equation in many different areas.

Equifax Inc. has launched a new set of scores designed to analyze the creditworthiness of small businesses. The suite of business scores uses data from the Small Business Financial Exchange, a nonprofit organization whose members consist of the nation's leading small-business lenders, Equifax said Thursday.

Don't do it. That is the advice more moms, dads and other adults — including participants in a recent American Banker Analyst Roundtable — are giving young people who consider banking as a career path.

Citi's mortgage unit on U.S. tour to aid distressed homeowners; execs' quotes on push for regulation go viral; Huntington chief increases stake in his company; and more.

Many experts believe the increase in subprime auto loans in recent quarters foreshadows developments in other areas of consumer credit, and that it is only a matter of time before the financial industry reverts to the fervid lending of yore, making high-rate loans to less-than-creditworthy individuals with no capability of paying them back.

PNC Financial Services Group Inc. is constructing a $400 million, environmentally friendly headquarters in Pittsburgh. The bank said Monday that it expects the roughly 40-story, 800,000-square-foot building to be completed in 2015.

Mary Ann Deignan will rejoin Bank of America Corp.'s Merrill Lynch this summer as managing director and head of Americas equity capital markets, B of A said Friday.

B of A's tastes turn mod; Citi's Pandit wins social media fans; Citizens' Alemany lives up to the company name.

BlackRock has agreed to repurchase 13.6 million of its Series B convertible preferred shares for $187.65 apiece, a 2.9% discount to the stock's Wednesday closing price, the asset manager said in a press release Thursday.

Florida foreclosure courts losing "rocket dockets" in July due to lack of funding; states cracking down on disciplinary actions against appraisers; and more.

With the market trying to peg who's a buyer and who's a seller, some analysts consider a handful of midsize banks, including Zions Bancorp and UMB Financial Corp., as being in a category all their own: Highly unlikely to ever be sold.

JPMorgan Chase wins praise for its new credit card notices, but braces for protests at its annual meeting; B of A's Brian Moynihan plays "cover boy" for Evelyn Davis; and more.

On big things and small, Chief Executive Brian Moynihan got an earful from shareholders Wednesday at Bank of America Corp.'s annual meeting. Investors expressed disapproval of B of A's handling of mortgage modifications and executive bonuses, and complained about trivial matters such as the inaccessibility of the meeting location.

With the crisis squarely in the rearview mirror, but near-term growth prospects dim, banks are looking for how best to position themselves for the future. Experts say the timing is right for new leadership.

Fannie Mae on Friday reported a first-quarter loss of $8.7 billion after paying preferred dividends, as credit-related expenses spiked.

A proposed new text message feature allowing customers to elect overdraft coverage on individual debit transactions marks a shift in the way B of A approaches the overdraft issue.

A proposed new text message feature allowing customers to elect overdraft coverage on individual debit transactions marks a shift in the way B of A approaches the overdraft issue.

Prayers answered for Citi's Vikram Pandit; Capital One serves up free checking with cupcakes to match; study forecasts the growth of the number of millionaires in the Dakotas.