Evidence of fraud at Citigroup's Mexican unit may be endangering its reputational recovery from the financial crisis, and has prompted unusually blunt, and angry, public language from CEO Michael Corbat.

The Office of the Comptroller of the Currency has approved Horizon Bancorp's (HBNC) request to acquire SCB Bancorp of East Lasting, Mich., and its subsidiary, Summit Community Bank.

Union Bank in San Francisco and its Japanese parent company plan a series of changes to its corporate names and structure, all in response to the Federal Reserve Board's plan to overhaul the way it supervises foreign banks.

Bryn Mawr Bank in Pennsylvania starts every acquisition discussion the same way: the top talent agrees to stay or Bryn Mawr is not interested in pursuing a deal. It's a lesson for anyone considering buying or selling a bank.

The Federal Trade Commission is closing a case against debt buyer Security Credit Services and Jacob Law Group that involved violations of both the Fair Debt Collection Practices Act and FTC Act.

Upstate New York banker John Buhrmaster will spend the much of the next year fighting for community banks as they struggle to keep pace with mounting regulations. But he also intends to remind his counterparts that it's crucial for them to find new income streams.

U.S. regional banks see favorable growth prospects in Canada. Its limited number of banks seems to invite competition, and its regulatory and economic climates are considered more favorable than those in the U.S.

A former employee of UMB Financial (UMBF) in Kansas City, Mo., has pleaded guilty to embezzling more than $650,000 from the company.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The Treasury Department is searching for a bank to support the government's new retirement savings bond program.

New York Gov. Andrew Cuomo has granted Banking Development District designation to Brentwood, an underserved minority neighborhood in Islip on Long Island.

The three-year statute of limitations from when bank failures peaked has already passed, and yet filings of Federal Deposit Insurance Corp. suits against former officers and directors continue to grow.

A payday lending reform bill in Utah passed a vote in the state's House, by a 69-4 vote, and moves to the full Senate after the Senate Business and Labor Committee unanimously endorsed it Thursday.

The CFPB sued an Indiana-based college for predatory lending, the agency's first action in the for-profit college industry. Some students did not realize they had a private loan until they began getting collection calls, the lawsuit states.

Consumers facing mortgage trouble want help and are looking everywhere for it. Paying close attention to where and how homeowners seek information is how the servicing industry will put itself on the fast track to a better reputation.

Citigroup Inc. (C) cut its previously reported 2013 earnings for the fourth quarter and full year by $235 million after finding what it described as fraud by a customer of its Mexico subsidiary.

A bill aimed at altering the Consumer Financial Protection Bureau's structure and limiting its powers to regulate the consumer finance industry gained approval from the House of Representatives on Thursday but is unlikely to pass muster in the Senate.

Building simplified digital experiences, especially in financial services, is critical to institutional survival.

Some governments are getting into the digital currency game, offering their own alternatives to cash with traits that differ in meaningful ways from cross-border cryptocurrencies like Bitcoin.

First Horizon National (FHN) in Memphis, Tenn., has reached an agreement with Freddie Mac related to home loans originated and sold to the government-sponsored entity between 2000 and 2008.