Kareem Serageldin, the ex-global head of Credit Suisse Group AG (CSGN)'s structured credit trading business, was sentenced to 2 1/2 years in prison for his part in a scheme to falsify the value of mortgage-backed bonds in 2007.

The former president and chief executive of Bank of Choice in Greeley, Colo., will pay $65,000 to investors to settle charges he violated registration and anti-fraud provisions of the Colorado Securities Act.

Bank of America (BAC) received top honors for mobile banking in an annual survey by Javelin Strategy & Research, edging out last year's winner JPMorgan Chase (JPM).

Popular Community Bank plans to bring a financial literary program run by nonprofit Operation HOPE to its branches in Harlem and the Bronx.

First Internet Bancorp (INBK) in Indianapolis has increased the size of its previously announced public offering.

Pacific City Financial (PFCF) in Los Angeles redeemed more than half the preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.

Bank buyers should be taking notes about the problems with HealthCare.gov. A bad online integration of an acquisition could send new customers to the door, or worse: to Twitter.

Virgin Galactic, billionaire entrepreneur Richard Branson’s commercial space travel venture will accept the digital currency Bitcoin for payments, founder Richard Branson told CNBC today.

After his cellphone number wound up online, PNC's chief executive says that he answers — and welcomes — some of the calls he gets from dissatisfied customers.

Collections giant NCO Financial Systems is closing the health care program at its Columbus, Ohio office in January, putting 85 people out of work.

The two lenders are the largest issuers of deferred-interest credit cards and would be most affected by a CFPB crackdown on the product, a new report suggests.

The regulatory and business environment makes most transformational deals highly unattractive and potentially dangerous for big banks, according to the leaders of Bank of America, U.S. Bancorp and PNC.

In its third acquisition deal this year, Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy BOH Holdings in Houston.

LSB Financial (LSBI) in Lafayette, Ind., has been released from a formal agreement with the Office of the Comptroller of the Currency.

Industry representatives say the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's guidance puts the future of deposit advance in doubt, while regulators say they are simply urging better underwriting and risk management.

Community Bankers Trust (ESXB) in Glen Allen, Va., has redeemed $2.5 million of preferred shares issued to the Treasury Department under the Troubled Asset Relief Program.

Joseph Bella, who operates several debt collection companies in the Buffalo region, is accused of illegally contacting borrowers' employers in search of information about their Social Security numbers, hourly wages and hiring dates.

Fidelity Bank in Massachusetts needed a new branch in Millbury, the local Veterans of Foreign Wars hall needed a makeover, so the two parties struck an unusual real estate deal.

Porter Bancorp (PBIB) in Louisville, Ky., has named John Taylor as the company's permanent chief executive and as chairman of its subsidiary, PBI Bank.

Joseph Bella, the operator of several collection agencies in the Buffalo, N.Y. area, agreed to pay $165,000 in restitution and penalties in a settlement announced Thursday by New York Attorney General Eric T. Schneiderman's office.