Former Amcore president Donald Wilson will become the chairman of Community Financial in Illinois as part of a recapitalization plan.

A lawsuit by an American man who sought to hold Arab Bank responsible for injuries he sustained in a sniper attack in Israel cannot go forward, a federal judge in Brooklyn has ruled.

With construction activity, sales, and home prices still well below pre-crisis levels, a revival of U.S. housing sector "still faces significant challenges and the benefits remain quite uneven," Fed Chairman Ben Bernanke said Thursday.

The National Advertising Division is charged with sorting fact from fiction in ads touting credit card rewards.

Al Landon, a former CEO of Bank of Hawaii, now spends a lot of his time advising institutions that neither make loans, nor seek to make a profit-the Smithsonian Institution and PBS. Teaching, running marathons and investing are also on his agenda.

Although rumors abound that reserves in the Federal Housing Administration's capital cushion may turn negative sometime next year, delinquencies on government-backed loans — including those in the 90-day plus category — fell in the third quarter, according to brand new figures released by the Mortgage Bankers Association.

The lender said it has committed $500 million to refinance underwater borrowers and has fulfilled its obligation to provide relief in Florida and California.

Sheila Bair may advocate a lifelong commitment for examiners, but given existing rules, the fears of potential conflicts of interest should be more hypothetical than real.

The rate of seriously delinquent U.S. mortgages fell to the lowest since 2008 as employment improved and recovering housing demand made it easier for homeowners to sell.

Naugatuck Valley Financial (NVSL) in Connecticut has named a longtime financial manager to become its interim chief financial officer.

Foreclosure filings surged in New Jersey, New York and Connecticut last month, even before those three states bore the brunt of superstorm Sandy that now has homeowners digging through the debris.

KINSTON, S.C. – Self-Help CU is opening a new branch here, the credit union’s 10th, in a recycled gas station.

WASHINGTON — Bank and credit union regulatory agencies issued additional guidance late Wednesday endorsing "prudent efforts" by financial institutions to aid customers affected by Hurricane Sandy.

Regulators pledged Wednesday to heed concerns of community banks and ensure that a final rule implementing Basel III capital and liquidity requirements does not harm smaller institutions.

Bank of America said that it has so far offered $15.8 billion in consumer relief under the national mortgage settlement and that it expects to meet all of its financial obligations by the end of February.

Cathleen Nash lays out Citizens Republic's reasons for selling itself to FirstMerit, and says she expects many more banks to face the same tough choice.

With financial institutions worried the Consumer Financial Protection Bureau will hinder business innovation, the agency on Wednesday argued that one of its mandates is the exact opposite.

Fraudsters are increasingly preying on the default servicing end of the mortgage lifecycle, where traditional detection methods have not been deployed. Fortunately, there are new ways to spot red flags.

Republic Bancorp (RBCAA) of Louisville, Ky., and FedFirst Financial Corp. (FFCO) of Monessen, Pa., are planning to return more of their capital to shareholders as the fiscal cliff looms.

Taylor Capital Group is the third Chicago-area bank to announce a capital raise to fuel growth in the past two weeks.