City National Bank in Los Angeles has hired two Comerica Bank veterans who cater to high-tech and biotech clients.

Two troubled banks were sold through bankruptcy auctions this month, and another is expected next week. The much-discussed recapitalization method has only recently gained traction.

Senator-elect Heidi Heitkamp may be the next in line to join the Senate Banking Committee.

Comptroller Tom Curry said the agency has worked to address several concerns from staff after a recent survey — the first being stepping up internal communications by senior management.

Michael Larrowe, promoted to CEO of Cardinal Bankshares after a shareholder revolt capped a chaotic past year, is working to rebuild the company and its ties to the community.

Capital One Financial (COF) has raided rival SunTrust Banks (STT) to help bolster its small-business lending team.

Housing advocates say there is a gap between the relief borrowers are seeing on the ground and what the five largest servicers agreed to do as part of the $25 billion settlement signed in February.

Fifth Third said it expects to recognize a pretax gain of roughly $140 million in the fourth quarter from the sale of 12.4 million shares of common stock in Vantiv.

Chris Larsen, who made waves in consumer finance in the 1990s and 2000s with E-Loan and Prosper, is seeking to shake up the industry again with Ripple, a peer-to-peer payment and credit system.

First PacTrust Bancorp (BANC) in Irvine, Calif., raised $43.1 million from the sale of senior notes.

FirstSouth Bancorp in Lexington, Tenn., has repaid the $50 million it had received from the Treasury Department under the Troubled Asset Relief Program.

A key investor in Webster Financial is reducing its stake in the Waterbury, Conn., company.

Sotheby's is auctioning off a prototype of the magnetic credit card. It's not as impressive as you might think.

DCB Financial Corp. (DCBF) said Thursday it completed a sale of common stock to existing shareholders and local investors that netted $13.2 million in funds.

A state court yesterday approved a request from the South Carolina Revenue Department to notify credit unions and banks of the 3.3 million bank account numbers compromised when someone hacked department tax files.

The Federal Reserve Board has terminated enforcement actions against Anadarko Bank & Trust in Oklahoma and Hanmi Financial in Los Angeles.

At Citigroup, CEO Corbat offers hints of strategic change. U.S. bank gives mobile bill pay a boost. In Washington, a Republican leaves and two Democrats rise.

LOCKPORT, N.Y. – Cornerstone Community FCU announced plans to open a new branch in the Village of Lewiston, inside the former HSBC building.

TD Bank will reimburse its employees for the additional federal and state taxes that they pay for benefits for same-sex partners beginning Jan. 1.

WASHINGTON — The Consumer Financial Protection Bureau and the Department of Justice agreed Thursday to collaborate on enforcing fair lending laws to avoid duplicating efforts.