Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

Matt Wagner, the persistent CEO of PacWest in L.A., reaches a deal to buy First California six months after reporting that the Westlake Village, Calif., company spurned his initial overture.

Huntington Bankshares (HBAN) has snagged a veteran executive from RBS Citizens Financial Group to head its operations in the Pittsburgh area.

Business activity in the banking sector improved significantly in September, rising for the fourth consecutive month, according to industry executives surveyed for American Banker's latest Index of Banking Activity.

Wells Fargo (WFC) is expanding to serve corporate customers on both sides of the U.S.-Canadian border.

The Federal Reserve Board has ended a written agreement with Boscobel Bancorp that required the Wisconsin company to serve as a source of strength for its Community First Bank.

Wells Fargo, which agreed to refinance mortgages after a probe of the industry's practices, may forgo as much as $2 billion in interest, $300 million more than previously estimated.

Most of a lawsuit that accuses JPMorgan Chase (JPM) of misleading mortgage investors before the meltdown may advance, a federal judge in Manhattan has decided.

U.S. home prices retreated slightly in September as distressed sales and seasonal shifts dragged down prices.

The cash-machine operators fear that proposed settlement between merchants and the two leading card networks could imperil their own lawsuit against Visa and MasterCard.

Complex rules can be bent to special interests, and invite gaming and unfairness. An example is the exclusion of credit cards that don't impose "finance charges" from a great many requirements.

Although the Federal Deposit Insurance Corp.'s yearlong study of challenges and opportunities for community banks is expected to yield a final report next month, the agency will release an update on some of its findings this week.

Community banks are geared up to spend more on technology next year, according to a study conducted in September by U.S. audit and advisory firm KPMG.

Despite losing out in the auction of ResCap, Nationstar says it's got plenty of acquisition opportunities in front of it.

As Capital One demonstrates, establishing yourself in a growth market like Louisiana can mean providing the crying towel after a big loss on football Saturday.

Regions Financial is the latest banking company to offer specialized services for military personnel and veterans.

Success will depend on how regulators handle four areas: Collaboration, scope, privacy and the regulatory burden.

Banks have hired thousands of employees to handle a crush of work from mortgage refinancing. The big question looming is what to do with those "permanent" employees once the refi market cools down.

In its $175 million offering, the $24.4 billion-asset City National is selling 7 million depositary shares at $25 each, the company said Monday. Each depositary share represents a one-fortieth interest in a Series C preferred share.

Banks and their customers were battered by last week's storm, and many are still picking up the pieces. Click to see how banks are waiving fees, suspending foreclosure sales, keeping some offices closed for months and responding in other ways to this crisis.