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.

BancorpSouth (BXS) in Tupelo, Miss., has acquired Knox Insurance Group in Lafayette, La.

Wintrust Financial (WTFC) in Rosemont, Ill., has agreed to buy 11 branches in Wisconsin from Talmer Bancorp (TLMR) in Troy, Mich.

Illinois Attorney General Lisa Madigan has sued four online payday lenders and a loan lead generator promoted by talk show host Montel Williams.

Legal battles took a toll on JPMorgan Chase, but CEO Jamie Dimon is now urging investors to focus on the future. Among his top initiatives for 2014: making the most of big data and strengthening cybersecurity.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

The White House is considering two community bankers to fill an open seat on the Federal Reserve's Board of Governors, according to two people with knowledge of the process.

Lenders are increasingly using U.S. courts to foreclose on delinquent homeowners in states where it's not required to reduce the risk of falling afoul of new protections.

A study released by the Federal Deposit Insurance Corp. says statistical trends suggest that community banks have been resilient and will remain relevant, despite the rapid decline in charters.

Sugar Creek Financial in Trenton, Ill., has completed its conversion from a mutual holding company to a publicly traded company.