The banking industry must create sustainable mortgage products that will work for responsible families of modest means. We also need a proactive homeownership policy from the federal government.

Union Bank in San Francisco is expanding its services for homeowners' associations with a deal to buy First Bank Association Bank Services in Vallejo, Calif..

Margin compression once again overpowered loan growth in the first quarter, sapping banks’ traditional source of revenue.

Atlantic Coast Financial's (ACFC) quarterly loss widened as its lending income fell and expenses rose.

Community banks often promise to move quicker on loan applications than big, bureaucratic banks. But online lenders are starting to make small banks look slow by approving small-business loans in a day or less.

Former TCF Financial (TCF) chief executive Lynn Nagorske has died.

PNC Financial Services Group (PNC) will close 10 branches in its hometown of Pittsburgh as part of a planned $700 million in expense cuts.

Low yields and the short-term impact of a strategy shift weighed on Pacific Mercantile Bancorp (PMBC) in the first quarter.

The cost of shedding troubled loans weighed on First Mariner Bancorp (FMAR) in the first quarter, with the $1.3 billion-asset parent of First Mariner Bank in Baltimore losing $2.3 million in the three months that ended March 31.

A modified version of Ed DeMarco’s securities-based model for housing finance reform could promote an active market for risk-sharing arrangements and further reduce systemic risk by distributing credit risk broadly.

HSBC will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability.

State regulators seized a third bank unit of Capitol Bancorp., $31.6 million-asset Central Arizona Bank in Scottsdale, Ariz, in a rare Tuesday failure.

ATLANTA – Despite the hype around mobile, bricks and mortar still play a key role in financial consumer satisfaction and retention, according to a recent survey.

Citigroup (NYSE:C) is selling its Brazilian credit card and consumer finance business to Banco Itaú Unibanco.

Michael Harrington will succeed current CFO Drew Hostetter, who plans retire at the end of the year, the $18 billion-asset company said Tuesday. Hostetter has held the position since 1996.

Independent Bank Corp. (INDB) agreed to acquire Mayflower Bancorp (MFLR) in its second deal for a Massachusetts company in the past year.

Popular in Puerto Rico is selling another book of loans as part of its attack on credit problems. The multimillion-dollar hit from the sale will be offset by a gain from the IPO of a payments processor.

A preference for greater simplicity in consumer banking products is one legacy of the financial meltdown, but the challenge for banks is delivering on the promise.

Bill Smith, the head of Capital City Bank Group in Tallashassee, Fla., speaks for many bankers when he says he's ready to start buying banks after eight years on the sidelines -- but not for another 18 months. Or more.

Three banks are among the companies that employ the highest number of underbanked Americans, according to a study released Tuesday.