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.

IberiaBank Corp. (IBKC) said its president and chief executive has set up a plan to sell up to 11% of his stock in the Lafayette, La., company.

Citigroup's (NYSE:C) board has added Duncan Hennes, a veteran financial executive and a co-founder of consulting firm Promontory Financial Group, as an independent director.

Even before Dodd-Frank, federal regulations had grown exponentially. The sheer quantity of the regulations is bad enough, but the complexity often confuses banks and their customers and increases compliance costs.

The $18.4 billion-asset company said in a regulatory filing Wednesday that it will shutter 37 branches inside Chicago-area Jewel-Osco stores and a branch in downtown Minneapolis.

The peer-to-peer lender, which has both threatened banks' traditional businesses and cultivated Wall Street ties, is now selling its loans to community banks and working with them to offer personal loans as a counter to big banks' dominance in credit cards.

The $298 billion-asset company will continue with its recent pattern of opening smaller branches in desired markets and closing some larger, traditional branches, resulting in roughly 25 net closures, PNC spokesman Fred Solomon said Wednesday.

EverBank Financial (EVER) in Jacksonville, Fla., has agreed to pay the Federal Deposit Insurance Corp. $48 million in connection with its purchase of the failed Bank of Florida in May 2010.