JPMorgan Chase, the target of multiple Justice Department investigations, tentatively agreed to pay about $2 billion to resolve probes into whether it ignored warning signs about Bernard Madoff's crimes, according to a person briefed on the matter.

Pacific Mercantile Bancorp (PMBC) in Costa Mesa, Calif., is getting out of the mortgage business to focus on business banking.

The bold-faced names of government, technology and finance have jumped into peer-to-peer lending, one of the fastest-growing - and buzziest - new segments of financial services, led by players like Lending Club and Prosper. Here are some of the celebrities who have decided to embrace peer-to-peer lending.

Northwest Bancorp. (NBCT) in Spokane, Wash., has raised $12.5 million after selling common stock and issuing subordinated notes and warrants.

The several wearable computing rings being developed have been well-received, but the small devices could have hardware limitations that keep them from widespread use as a payments tool.

The Consumer Financial Protection Bureau is taking a strong stance against lenders that use contract clauses that block consumers from going to court in a report due out Thursday that will likely lead to new regulations.

EverBank (EVER) in Jacksonville, Fla., is laying off 302 employees, or about 7% of its workforce, as it quits the business of servicing defaulted home loans.

Walter Investment Management (WAC) has bought $30 billion of mortgage servicing rights from an unnamed bank.

The Federal Financial Institutions Examination Council on Wednesday issued final guidance aimed at helping, banks, credit unions and other financial institutions manage risks related to social media.

The Department of Housing and Urban Development on Wednesday released its final rule defining what constitutes a "qualified mortgage."

Price caps on debit card swipe fees were supposed to spell the demise of free checking accounts, but new research from the Kansas City Fed reveals otherwise.

Toronto-Dominion Bank surpassed Royal Bank of Canada as the country's largest lender by assets for the first time after a decade-long expansion in U.S. consumer lending.

Senate Banking Committee leaders reiterated their optimism Wednesday for forging a bipartisan housing finance reform plan, but offered little additional detail on when legislation will emerge.

Small-business loan approval rates by both large and small banks jumped in November, rebounding from an October lull in which the government shutdown caused a backlog in applications.

Royal Bank of Scotland (RBS) will pay $100 million to state and federal regulators to settle allegations that it violated sanctions on doing business with Iran, Sudan, Myanmar and Cuba.

There may well be too many banks in the United States. That’s a problem for stock investors and CEOs of publicly traded banks to address, not policymakers.

Buyers in Texas show little interest in strugglers like Omnibank in Houston, leaving the door open for a buyer like Bank of the Ozarks from Arkansas that knows how to acquire and fix broken banks.

JPMorgan Chase's recently published patent application for a free online payment system offers some hints about the bank's future payment plans.

The Chairman and CEO of JPMorgan Chase framed his bank's record-setting $13 billion settlement as a business decision — but acknowledged that he now has work to do to repair ties with Washington.

Despite widespread concerns at community banks, industry experts assert that regularly testing can help bankers with strategic planning.