Independent mortgage lenders are concerned that regulators will use the report as an excuse to raise minimum net worth requirements for smaller lenders.

John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.

Profits at Capital City Bank Group nearly doubled in the second quarter as the Tallahassee, Fla., company continued to shed problem assets.

The Georgia company is also planning a marketing campaign to promote its brand and expanded technology offerings.

Union First Market Bankshares' acquisition of StellarOne paid dividends in the second quarter. The Richmond, Va., company reported a profit of $14.8 million, up 56% from a year earlier.

A collection scam reported in Florida involves e-mails that appear to come from the state attorney's office but originate overseas.

Colony Financial in Santa Monica, Calif., plans to raise up to $382 million by selling common stock.

Hanmi Financial in Los Angeles reported higher quarterly earnings as returns from mortgages offset a drop in the sale of Small Business Administration loans.

PacWest Bancorp in Los Angeles reported higher quarterly earnings aided by its acquisition of CapitalSource.

The Consumer Financial Protection Bureau has started fielding complaints about nonbank products such as debt settlement, credit repair and pawn and title loans.

Aided by gains in fee income, lower expenses and double-digit commercial loan growth, FirstMerit in Akron, Ohio, reported a profit of $59.5 million in the second quarter, up nearly 23% from the same period in last year.

People who lack easy and affordable access to traditional bank accounts can benefit from cryptocurrency services that allow them save on remittance fees, pay bills on time and stay liquid.

Regions Financial in Birmingham, Ala., met bullish second-quarter earnings expectations as loan growth offset a decline in fee income.

First Merchants in Muncie, Ind., has agreed to buy Community Bancshares in Noblesville, Ind.

Wilshire Bancorp (WIBC) in Los Angeles reported an increase in quarterly profit tied largely to recent acquisitions.

Lenders are working to meet affordable housing needs by extending mortgages to borrowers with a broader range of credit scores and offering loans with lower down payments. But there's still more work to be done, according to Fannie Mae's Jeffery Hayward and Anne McCulloch.

Fueled by strong growth in commercial real estate and specialty lending, Signature Bank in New York reported another record profit for the quarter that ended June 30.

Synovus Financial in Columbus, Ga., reported a rise in quarterly earnings after booking more loans and lowering credit costs.

Astoria Financial in Lake Success, N.Y., has agreed to sell certain nonperforming loans to Credit Suisse at a nearly $9 million loss.

CIT Group, the commercial lender led by John A. Thain, agreed to buy OneWest Bank parent IMB Holdco for $3.4 billion, attaching a regional bank to a national loan platform in an effort to boost profit.