Sallie Mae (SLM) is seeking to separate its education loan management and consumer banking businesses into two publicly traded entities.

Bank of Montreal, Canada's fourth- biggest lender, posted second-quarter profit that missed analysts' expectations after taking charges tied to cost-cutting and its takeover of Wisconsin lender Marshall & Ilsley Corp.

The banking industry earned a record $40.3 billion in the first quarter as rising noninterest income and the continued drop in loss provisions made up for declines in interest-related income, the Federal Deposit Insurance Corp. said Wednesday.

Skowhegan Savings has agreed to buy five branches from fellow Maine lender Camden National Corporation.

JPMorgan Chase named former U.S. Treasury Department official Darius Kingsley as co-general counsel of mortgage banking.

RALEIGH, N.C. – State Employees’ CU announced this morning it has signed with Diebold to update and replace more than 1,100 ATMs, the biggest ATM fleet owned by any credit union.

TRAVERSE CITY, Mich. – Traverse Bay Area CU plans to build its new headquarters at a site contaminated by a former gas station.

Citigroup has agreed to settle a lawsuit by the federal government that charged the bank with misleading investors in the run-up to the mortgage meltdown.

Momentum is building on both sides of the aisle for significant reform of mortgage giants Fannie Mae and Freddie Mac. American Banker staffers discuss what's behind the Senate's rare show of bipartisanship.

A decade after changing its name to reflect a broader geographic reach, ISB has reverted to its former name, Ixonia Bank.

A Chilean bank's plan to keep the Miami bank intact is a better outcome for the market than a sale to an existing regional bidder, industry observers say.

JPMorgan Chase (JPM) has hired Travis Machen from Morgan Stanley (MS) to run a group that provides banking for financial institutions.

The long-held notion that community banks, by definition, provide exceptional customer service is getting debunked.

The credit rating agency on Tuesday changed its outlook on the U.S. banking system to stable from negative, citing an improving economy and strengthening balance sheets at many institutions. Its rating on banks had been negative since 2008.

Either prepaid will move to mobile or prepaid will have to be repositioned toward a more value-added proposition.

It didn't take long for Live Oak to explode onto the SBA lending scene. Though it has just $330 million in assets, CEO Chip Mahan's latest banking venture trails only Wells Fargo and U.S. Bank on the government's list of the most active SBA lenders.

A federal jury convicted three former executives at the failed Bank of the Commonwealth in Norfolk, Va., of hiding the bank's bad assets for their own gain.

Fidelity National Financial (FNF) announced Tuesday that it acquired Lender Processing Services (LPS), confirming rumors that the two had been making plans to make a deal worth $2.9 billion.

Anchor BanCorp Wisconsin (ABCW) in Madison lost $17.5 million in the first quarter despite an improvement in credit quality.

The CFPB has made fair lending a top priority. To avoid problems, scrutinize the agency’s view of the laws, proactively analyze policies and document the reasons behind your loan decisions.