Richard Davis says despite recently announced changes to reassure lenders about putbacks, he will stay on the sidelines due to concerns about compliance and litigation risk.

PacWest Bancorp in Los Angeles reported higher quarterly earnings, driven by asset gains from a recent acquisition.

F.N.B. Corp., in Hermitage, Pa., reported higher quarterly earnings that reflected several recent acquisitions.

New York Community Bancorp may have put the brakes on overall balance sheet growth, but its commercial and industrial lending operation in Boston is thriving.

A group of defendants will pay approximately $10 million to the Federal Trade Commission to settle charges that they operated a massive scam.

Apple Pay is a watershed moment that will do more to stimulate mobile commerce than the sum of all previous efforts. But it also has an impact on branding that should make it part of a broader mobile menu for banks and retailers.

The Apple Pay effect on m-commerce should result in more attention for mobile-heavy Bitcoin transactions, but virtual currencies are still being held back by unclear regulations, according to payment executives.

Presidio Bank in San Francisco has raised $9.5 million through a private placement.

Melrose Bancorp in Massachusetts has completed its mutual-to-stock conversion.

Fulton Financial in Lancaster, Pa., reported lower quarterly earnings after its noninterest income fell.

Hudson City Bancorp in Paramus, N.J., reported lower quarterly profit as its balance sheet continues to shrink.

JPMorgan Chase Chief Executive Officer Jamie Dimon said cancer hasn't altered his plans to keep working even as he looks toward a retirement that he hopes will include philanthropy and teaching.

While Fannie Mae and Freddie Mac wait for Congress to decide when and how to act on housing industry legislation, the government-sponsored enterprises are working with their regulator on "nonlegislative GSE reform" that will better prepare them to implement new laws.

Some banks try to justify tight underwriting standards by arguing that borrowers with lower credit scores and those who can only afford lower down payments are more likely to default. But the research supporting this argument is based on outdated analysis of high-cost, risky loans.

Overall consumer credit default rates showed an uptick in September

Pacific Premier Bancorp in Irvine, Calif., has agreed to buy Independence Bank in Newport Beach, Calif.

U.S. Bancorp reported a steady quarterly profit that matched analysts' estimates as the company made more loans to businesses.

First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.

Cece Stewart, a 35-year banking veteran who retired from Citigroup in April, has joined the board of First Horizon National Corp. in Memphis, Tenn.

Subprime auto lender Exeter Finance will have a new chief executive in two weeks.