When state and federal regulators closed Trust Company Bank in Memphis, Tenn., on Friday, it was only the second U.S. bank failure this year.

JPMorgan Chase shareholders should support a proposal to consider an independent chairman, proxy adviser Glass Lewis & Co. said.

Royal Bank of Canada named Jefferies Group's Michael Armstrong as head of its U.S. wealth-management business.

Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.

PNC recently held an API Fest where it asked its employees to pitch customer innovation ideas. With the move, PNC joins a growing number of U.S. banks embracing the possibility that open APIs offer.

The Bancorp in Wilmington, Del., swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws.

A federal appeals court case challenging the constitutionality of the Consumer Financial Protection Bureau is raising concerns that if the agency loses, it could open the floodgates for a flurry of other lawsuits against the CFPB.

Forty percent of newly married people who responded to an Experian survey on finances reported they did not know their spouse’s credit score. One in three said their spouse’s spending habits were not what they expected.

IBM has released a set of blockchain cloud services built to meet security and compliance standards for companies in regulated industries — particularly, financial services, healthcare and government.

An Oregon lawmaker wants to revive a bill next year that would make it easier to locate debtors who collectively owe the state more than $3 billion in back taxes and other debts.

The prosecution of former House Speaker Dennis Hastert illustrates why it makes sense to require bankers to share suspicions with the authorities.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

Central Valley Community Bancorp in Fresno, Calif., has agreed to buy the $156 million-asset Sierra Vista Bank in Folsom, Calif., for $24 million, or $5.22 a share, in cash and stock.

While it is true that more consumers complain to the Consumer Financial Protection Bureau about their mortgages, the data still reinforces the idea that overdraft fees are more high-cost credit than protection.

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PayPal Holdings Inc. said federal regulators are investigating the company's Venmo free peer-to-peer payment service in connection with potential unfair trade practices.

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

KeyCorp will sell 18 branches as part of an agreement with the Justice Department and the Federal Reserve Board to complete its purchase of First Niagara Financial Group.

Green Bancorp in Houston says it has developed a strategic plan to eliminate its energy loan exposure.

The American Bankers Association is laying the legal basis for a lawsuit to challenge Congress' decision to cut dividend payments made by the Federal Reserve to its member banks.