A unit of SVB Financial Group (SIVB) in Santa Clara, Calif., plans to raise $300 million for a venture capital fund.

BankUnited, the Florida bank led by John Kanas, has hired two of his former colleagues at Capital One — Joe Roberto and Kelly Sheehan — to run its nascent operation in the Big Apple.

Mary Jo White, Obama's nominee to head the SEC, received near-unanimous support from the Senate Banking Committee during a vote Tuesday morning, while backing for Richard Cordray, director of the CFPB, was split as expected along party lines.

HomeStreet (HMST) in Seattle may be nearing an exit from a cease-and-desist order after paying an important debt.

California Bank of Commerce in Lafayette, Calif., has hired a bank consultant as its president and chief executive.

The California business bank focuses on the technology sector, applying lessons learned from the dot-com bust of the 1990s.

Citigroup (NYSE:C) will pay $730 million to settle a lawsuit by investors who allege they were misled by the company's disclosures.

Columbia Banking System (COLB) in Tacoma, Wash., and West Coast Bancorp (WCBO) in Lake Oswego, Ore., announced late Monday that shareholders from both companies approved West Coast's planned sale to Columbia.

Community Financial Shares (CFIS) in Glen Ellyn, Ill., is extending its rights offering to boost shareholder participation.

A bill by Minnesota's Rep. Keith Ellison would cap the mortgage interest deduction at the first $500,000 of a home loan and use the anticipated savings to invest in low- and moderate-income housing.

WASHINGTON — The federal bank regulators on Monday proposed several revisions to their guidance for complying with Community Reinvestment Act regulations.

Rents for single-family homes are rising slower than property prices as firms such as Blackstone Group flood the market with homes for lease, posing risks to investors betting billions on the burgeoning market.

HarborOne Credit Union in Brockton, Mass., is on its way to becoming a mutual savings bank.

Consumer bankers are reluctant to start charging customers new fees for existing products. But Capital One's Jonathan Witter pointed to the flexibility banks offers in pricing business-banking products as an example of how they could generate more fee revenue on the consumer side.

Heritage Financial is paying 1.5 times tangible book value for Valley Community, but the markets welcomed the deal because Heritage expects to slash the seller's expenses as much as 50% because of market overlaps.

Banks, thrifts and credit unions brought in $32 billion in overdraft revenue last year, a 1% increase from 2011, according a new study.

HSBC agreed to sell its Canadian store card unit to Toronto-Dominion Bank as it closes its consumer-finance business in the country.

U.S. Bancorp (USB) has agreed to purchase Deutsche Bank's (DB) municipal bond trustee business.

A number of bank chief executives have ties to teams in this year's NCAA men's basketball tournament. Here are some prominent examples.

Bankers who were at last week's convention are considering ways to expand social media use and offer new products that will not run afoul of regulators.