Overdraft fees can wreak havoc on household finances, but innovations like B of A's SafeBalance account are a big step in the right direction, consumer advocates say.

First Commonwealth Financial (FCF) in Indiana, Pa., has a new chief financial officer.

Cordia Bancorp (BVA) in Midlothian, Va., has raised $15.4 million.

Wells Fargo & Co. (WFC), the most profitable U.S. bank in 2013, posted a 14 percent rise in first-quarter earnings as fewer customers missed loan payments.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent.

One of the largest UK debt buyers is adding jobs and moving into offices that will accommodate more than 1,000 people.

Pathfinder Bancorp (PBHC) in Oswego, N.Y., is planning to convert from a mutual thrift to a fully public holding company.

The Pennsylvania Senate has unanimously confirmed James Biery as a commissioner of the Pennsylvania Banking and Securities Commission.

The Greenville, S.C., company hired John Poelker as interim CEO and ousted its top executives less than two weeks after allegations of financial mismanagement surfaced. Poelker, known for stabilizing struggling banks, could be tasked with cleaning Certus up for a buyer.

Online lender Fundbox announced its official launch Thursday after securing $17.5 million in funding from a group of investors led by venture capital firm Kholsa Ventures.

Insight, based in Ohio, wanted to raise capital to expand its operations. Instead, it ended up talking to suitors and agreeing to sell to First Financial in Cincinnati.

The Treasury Department has agreed to sell a large stake in Hampton Roads Bankshares (HMPR) in Virginia Beach.

A bitcoin ATM is coming to South Carolina — the state's first machine will be installed Thursday at the College of Charleston TD Arena.

More than a year into his leadership atop the powerful banking panel, it's still unclear whether Rep. Jeb Hensarling is willing to trade his ideological beliefs for the messy reality that is dealmaking in today's Congress.

William Howle, a longtime lieutenant of departing consumer and commercial bank chief Cece Stewart, had been running Citi's U.S. commercial bank.

The lessons that elementary school students learn about saving can have a lasting effect, according to a new study supported by the Treasury Department.

Discover Financial Service agreed to an $8.7 million settlement of a class-action lawsuit filed in 2012.

Debt buyer Encore Capital Group Inc. has earned DBA International's industry certification. The program was launched last year and all DBA members are required to meet the standards by 2016.

Regulators look at eight risk categories when determining a bank's health, but it's how banks deal with three in particular — interest rate risk, liquidity risk and IT/operational risk -- that could make or break them.

Ally Financial Inc., the auto lender rescued by the U.S. government during the 2008 financial crisis, raised $2.38 billion in its initial public offering after pricing the shares at the bottom of the proposed range.