Rep. Greg Walden (R-Ore.) on Monday announced plans to introduce legislation to take away the Treasury Department's ability to mint money to pay the federal government's bills.

Community banks participating in a government program upped their lending to small businesses by $7.4 billion over baseline levels during the third quarter, according to a report released Tuesday by the Treasury Department.

First Niagara Financial Group in Buffalo has snagged a veteran banker from Citizens Financial Group.

Shelter Insurance joins the growing list of insurers that are unwinding their banks amid mounting costs related to Dodd-Frank.

The Federal Reserve Board has terminated an enforcement action against Farmers State Bank in Victor, Mont.

Issuers exempt from the interchange fee cap should continue to promote activation and use of their debit cards by way of issuer-sponsored and merchant-funded rewards.

JPMorgan Chase chairman Jes Staley is joining the hedge fund BlueMountain Capital as a managing partner. He will be responsible for developing client relationships and will help direct the firm's strategy.

Consolidation among bank dealmakers continues as Houlihan Lokey acquires Milestone Advisors. The combined firm has 28 bank M&A advisors and will try to hire more amid upheaval in investment banking.

The Charlotte bank says Monday's settlement is a significant step toward resolving its crisis-era woes, but other legal risks — particularly in connection with private-label mortgages — remain.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

A "simplified" foreclosure review settlement is in borrowers' best interests, even though details remain sketchy, officials from the Office of the Comptroller of the Currency argued Monday.

Consumers who face foreclosure on their homes, who would like to modify terms of their mortgages or whose homes are underwater, now have a toll-free telephone number they can call to connect with a counselor who may be able to help.

This bad loan was a unique case of vanity and all-pervasive incompetence on the part of both the banker and a movie producer turned real estate developer.

JPMorgan Chase, the nation's biggest bank by assets, said Monday it would inaugurate a new office, which is located in San Jose, with celebrations at both the branch in San Jose and another that the bank opened recently in San Francisco.

Cornerstone Bancshares in Chattanooga, Tenn., has raised $15 million to bolster its capital reserves.

Bync, a new transaction-based deals hub, hopes to line up exclusive merchant relationships.

Independence Bancshares in Greenville, S.C., has $14.1 million in new capital and freshly minted chief executive.

Shelter Insurance joins the growing list of insurance companies to unwind its bank after it faced having more than $1 million in annual costs tied to Dodd-Frank.

VantageSouth Bank in North Carolina is taking steps to rekindle lending to home builders.

Business borrowing from commercial banks appears to have jumped at an annual rate of 11% in the fourth quarter, reversing two quarters of fading momentum.