The California Department of Financial Institutions has lifted a memorandum of understanding against Hanmi Bank after the Los Angeles institution's condition improved.

An increase in mortgage refinancing helped Ally Financial swing to a profit in the third quarter.

Commerce Bancshares (CBSH) in Kansas City, Mo., will issue a special dividend ahead of a potential increase in dividend tax rates.

MasterCard (MA) and American Express (AXP) are the latest financial companies to make charitable donations in the wake of the storm that has devastated the tri-state area.

A changing asset mix boosted third-quarter results at Sterling Bancorp (STL) in New York. The $2.5 billion-asset company's rose 23% from a year earlier, to $5.3 million.

Under the OCC, a complex foreclosure review process is funneling hundreds of millions of dollars to administrators and advertisements. Critics charge that banks and homeowners would be far better served by a simpler program.

With financial institutions keeping interest rates lower and fees higher on new commercial hybrid accounts, institutions are, in fact, discouraging commercial clients from switching to their new products.

Fears about spikes in tax rates could lead a number of capital-heavy bank to consider one-time plans to return capital to shareholders.

The industry has asked the CFPB to delay the effective date for a rule expanding disclosures for remittance transfers.

Hurricane Sandy has been over for three days now but the aftermath is hitting many mortgage bankers and brokers hard in the greater New York metropolitan area which includes New Jersey and Connecticut.

Both companies are expressing early optimism in their ability to compete with American Express' Bluebird card, but long-term uncertainty looms.

Liberty Bancorp in Georgia is barred from making payments to shareholders and certain debtholders without regulatory approval.

First Republic Bank in San Francisco has agreed to buy Luminous Capital Holdings. Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations.

Fewer loan losses and added fees provided a spark to third-quarter results at Park Sterling (PSTB) in Charlotte, N.C.

After a customer held up Peoples Bank, the president followed the man to his car, drew his firearm and detained the robber until the police arrived. "I told him he wasn't going anywhere," says David Thompson, who has a concealed weapons permit.

The banking unit of 1st Colonial Bancorp (FCOB) in Collingswood, N.J., has converted to a state charter and changed its name.

Wells Fargo contends that a federal lawsuit over its lending practices before and after the housing crisis contravenes the terms of the multistate mortgage settlement.

SPRINGFIELD, Ore. – The Eugene City Council on Wednesday agreed to sell a 1.9-acre plot next to the U.S. Courthouse to Northwest Community CU, where the $720 million credit union plans to build a new headquarters.

Green Dot said its quarterly earnings fell 20% from a year ago as competition intensified in the prepaid card market. Meanwhile, NetSpend announced that its net earnings fell to $4.4 million.

A group of some of the nation’s largest merchants and retail trade groups asked a federal judge Thursday to reject the proposed settlement of a lawsuit over credit card swipe fees.