Bill Cooper could step down as the Minnesota company's chief executive sometime next year, and two insiders appear to be the early favorites to replace him.

Moody's Investors Service has downgraded its credit rating on First Niagara Financial Group (FNFG), citing concerns about the Buffalo banking company's asset quality, profitability and capital levels.

Retailers face an uphill battle after an appeals court panel rules that banks shouldn't have to sacrifice another big chunk of their debit interchange revenue.

Credit Suisse Group AG (CSGN), Switzerland's second-biggest bank, agreed to pay $885 million to settle lawsuits by the Federal Housing Finance Agency over mortgages sold to Fannie Mae and Freddie Mac.

A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.

F&M Bank Corp. (FMBM) in Timberville, Va., has raised $12 million in a private placement.

A federal appeals court ruled Friday that the Federal Reserve acted appropriately in setting restrictions on debit card swipe fees, marking a critical victory for banks and a major setback for retailers. American Banker editors discuss what the ruling is likely to mean for the debit card industry and whether it represents the end of the high-stake battle.

A federal appeals court panel ruled Friday that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees.

Wells Fargo, a longtime laggard in the ultracompetitive credit card market, has been developing two new credit cards with partner American Express. Executive Brent Vallat also explains how a new bankwide rewards program could help its credit card growth.

Mt. Gox, the Tokyo-based digital currency exchange that filed for bankruptcy protection last month, said it had located about 200,000 of the 850,000 Bitcoins it said had gone missing.

But the analysis of housing markets in 410 counties found that only 8 percent are better off than they were eight years ago.

If government bureaucrats, acting without statutory authority, can coerce banks into denying services to firms engaged in lawful behavior that the government does not like, where does it stop?

The Detroit Water and Sewerage Department is mounting a campaign to shut off service to as many as 3,000 delinquent customers each week after reporting that more than half of the city's customers are 60 days-plus late on payments.

Seacoast Banking Corp. of Florida (SBCF) in Stuart has filed a shelf registration to issue up to $150 million in debt and securities.

Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.

ACA International late Thursday said the Consumer Financial Protection Bureau’s report on debt collection complaints misses several key points.

Amazon.com was the virtual guest of honor this month at the Retail Banking 2014 conference. Top bank executives repeatedly cited the Internet giant's success at using data and technology to better serve — and profit from — customers.

The Consumer Financial Protection Bureau released a report Thursday on collection enforcement actions it took in 2013 and discussing the 30,000 consumer complaints it has received about collections since it began accepting them last July.

Alfred DelliBovi, the head of the Federal Home Loan Bank of New York and a lion of housing finance, submitted his resignation Thursday after 21 years as president.

Think M&A in Illinois is out of gas? Call AAA. Auto Club Group, one of the many AAA clubs across the country, has agreed to buy the $465 million-asset National Bancorp in Sycamore, Ill.