Banks with assets of less than $50 billion will get a one-year reprieve from making their stress tests and capital plans adhere to Basel III standards, the Federal Reserve Board said Tuesday.

The CEO of HSBC USA says that stricter regulation is crucial to strengthening the banking system and winning back customers' trust, but she remains frustrated by the glacial pace of the rulemaking.

Country Club Bank in Kansas City, Mo., has promoted several executives.

Independence Bancshares (IEBS) in Greenville, S.C., has hired two former Verizon executives — Aditya Khurjekar and Humphrey Chen — to broaden its mobile-banking services.

A senior executive at OFG Bancorp (OFG) in San Juan, Puerto Rico, is moving to the top ranks of the Federal Home Loan Bank of New York.

Revisions to banks' duties under the Home Mortgage Disclosure Act are coming soon, and they are meant to "ease the operational and technological burdens" of banks, the head of the Consumer Financial Protection Bureau said.

Saddle River Valley Bank, which was bought last year by Center Bancorp, allegedly failed to adequately monitor transactions with currency exchange houses in Mexico and the Dominican Republic.

Valley National Bancorp in Wayne, N.J., is offering to sell up to $125 million of subordinated notes to repay its trust-preferred debt.

First Niagara Financial Group in Buffalo, N.Y., has promoted Tom Faughnan to become senior director of its residential mortgage business.

Jacksonville Bancorp in Florida has raised $1 million through a rights offering.

Ocwen Financial in Atlanta has retired approximately $159 million of debt held by a private-equity backer.

Community bankers may have a long wish list of legislative changes for Congress to consider, but it is unlikely lawmakers will take up a comprehensive bill addressing those issues anytime soon.

Three years after passage of the Dodd-Frank Act, many bankers are still anxious as they wait for some rules to be written and others to be implemented. Yet a new set of regulatory and legislative challenges looms.

Nearly half of all M&A activity since 2011 has been divestitures, according to a new report from Deloitte. The data reflects banks trying to streamline their business in the new operating and regulatory environments.

You would be forgiven in thinking the OCC has been solely preoccupied with JPMorgan Chase in recent days, but the agency has disciplined three other national banks since late August, according to its monthly roundup of enforcement actions.

Banking expert Dennis Jacobe, an economist who held top posts at the U.S. League of Savings and Loan Associations, the Financial Research Institute, and the Gallup Organization, has died. He was 66.

Panelists at American Banker's Regulatory Symposium will discuss a federal proposal addressing how banks should develop risk management policies for their use of social media.

Sandler O'Neill included several new additions to its annual ranking of top-performing small banks and thrifts, suggesting that small lenders are slowly returning to pre-crisis health.

A breakdown of M&A announcements in the financial services industry for the week ended Sept. 21.

City National Bank of Florida in Miami has made two executive changes as its sale to a Chilean bank nears.