Pulaski Financial (PULB) in St. Louis is losing the president of its mortgage division.

O'Neill, a co-founder of Sandler O'Neill & Partners, knows skeptics are questioning his plan to start an investment bank. But there are thousands of banks and they will always need M&A advice, he says.

The Department of Housing and Urban Development is auctioning off roughly $5 billion of nonperforming Federal Housing Administration loans in what is believed to be one of the largest-ever sales of distressed residential real estate.

The Federal Deposit Insurance Corp. reported continued positive signs about the health of its insurance fund, and said improvement in the industry has also meant lower premiums for some institutions.

The Federal Deposit Insurance Corp. told banks under its watch to prioritize "prudent interest rate risk oversight."

The Dodd-Frank Act and the Consumer Financial Protection Bureau might end up denying crucial funds to nations emerging from war, a new study says.

Mortgage firm PHH Corp. (PHH) is considering a plan to split and sell its mortgage and auto fleet leasing businesses, according to a Reuters report Monday.

BBVA Compass (BBVA) in Birmingham, Ala., is launching a suite of four checking products, each designed to meet the needs of specific customer segments.

A wave of management changes at Korean-American banks highlights the difficulties of filling key posts in a niche banking industry.

The Federal Reserve Board has freed Bank Hapoalim from an order that had required the Israeli bank to tighten its anti-money laundering oversight.

Huntington Bancshares (HBAN) in Columbus, Ohio, has appointed a new leader of its market in southern Ohio and Kentucky.

Huntington Bancorp (HBAN) in Columbus, Ohio, has appointed a new leader of its market in southern Ohio and Kentucky.

A group that includes the co-founder of Sandler O'Neill & Partners has started a new investment bank aimed at community and regional banks.

A well-structured mortgage business will generate strong revenues that can help offset declines elsewhere, regulatory challenges and interest rate volatility notwithstanding.

Low interest rates and fierce competition for loans will drive down third-quarter earnings at most large banks, analysts say.

A legal case involving a default on an Internet payday loan was settled Monday when the Fifth Circuit Court of Appeals ruled the statute of limitations on bringing a Fair Debt Collection Practices Act (FDCPA) case starts when a consumer is notified of the violation rather than when a company takes the action.

Selecting a property, hiring an architect, building designers, interiors, vendors and technology providers all encompass a project that amounts to a two-year business interruption. It does nothing to attract a client base.

Alabama Attorney General Luther Strange is warning state residents of recurring scams involving callers being asked to send money to pay a debt or as a fee to receive prizes or merchandise.

Consumer delinquency rates rose slightly in the second quarter but remain at historic lows, according to the American Bankers Association.

Bank of America, Wells Fargo, JPMorgan Chase and Citi insist that the Federal Housing Administration will compensate them for all foreclosure losses. But if the banks’ underwriting proves shoddy, they could be on the hook for billions of dollars.