Giving regulators more levers to pull and buttons to push with respect to the financial system only creates a false sense of security. The new regulatory powers come with few meaningful accountability checks.

FirstMerit (FMER) of Akron, Ohio, has chosen a veteran banker in the upper Midwest to manage its newly acquired business in Michigan.

ERIE, Penn. – Erie FCU won the bidding today to acquire Glenwood Elementary School, shuttered by city officials in a cost-cutting move last year, for a potential new headquarters and branch.

Banks with Alabama ties capitalize on the home team's national championship in college football — fast.

Bank of America's need to downsize continues to benefit small banks, as Old National acquires branches with $780 million of deposits in two states.

Blackstone Group LP, the largest U.S. private real estate owner, accelerated purchases of single-family homes as prices jumped faster than it anticipated.

Morgan Stanley (MS), the sixth-largest U.S. bank by assets, plans to cut about 1,600 jobs from its investment bank in coming weeks, a person familiar with the matter said.

William B. Harrison Jr., who helped create JPMorgan Chase, on Tuesday offered a resounding defense of megabanks and the good he said they do for customers and investors.

TAMPA, Fla. – Grow Financial FCU, fresh off a new branch opening in downtown Tampa, announced plans this morning to open three additional branches this year.

Alvin Kang, the CEO of BBCN, has created the nation’s biggest Korean-American bank. Here are five noteworthy examples of banks where minorities own more than 51% of outstanding shares.

The $13.2 billion-asset company said Tuesday it has joined with prepaid card manager TransCard to offer a MasterCard prepaid debit card as an alternative to traditional checking accounts.

JPMorgan Chase (JPM) Chief Executive Jamie Dimon has left the board of the Federal Reserve Bank of New York, more than six months after lawmakers called for his resignation because of JPMorgan's multibillion-dollar trading scandal.

CORNING, N.Y. – Corning CU has purchased the former Tower Bank branch in Chambersburg and will convert it into one of its own service facilities.

Bank of America (BAC) is said to be eyeing more sales of mortgage servicing rights following its announcement Monday that it is selling $300 billion of servicing rights to two separate buyers.

The common enemy of electronic payments is cash, and so any technology that makes it more convenient and more rewarding to use a credit or debit account is good for business.

The Minnesota bank raises hackles at the state's flagship university after it notified students that transactions with their native country may violate bank-secrecy laws.

The government agency has waived a compliance requirement for smaller community banks, removing a costly barrier of entry for hundreds of institutions.

United Community Bancorp (UCBA) in Lawrenceburg, Ind., has completed the stock offering for its second-step conversion.

The country's biggest originator of home loans is gearing up for a big push in the Tempe and Phoenix areas.

The $2.5 billion-asset bank, which already makes home loans in Minnesota, said Tuesday that it is bulking up in the state by acquiring The Business Bank in Minneapolis and its mortgage subsidiary, Prime Mortgage.