Lenders must have their paperwork in order before filing a foreclosure, the Supreme Court of Ohio ruled Wednesday in dismissing a lawsuit brought against Duane and Julie Schwartzwald, homeowners in Xenia, Ohio, by Freddie Mac.

Visa Inc. (V) announced adjusted quarterly net income of $1 billion on Wednesday, up nearly 14% from the same period last year, as revenues grew by 15%.

Operations began to return to normal for several large banks on Wednesday in areas hard hit by Hurricane Sandy.

While standards for issuing government-backed loans have clearly tightened for borrowers with spotty credit, bankers report the criteria for someone with a good credit score mirrors standards used before the crisis.

Community & Southern Bank in Atlanta is launching a mobile banking app that includes a mobile deposit feature.

More small banks with good credit quality are seeking buyers because their growth prospects are dim.

Two community banks — Central Bancorp in Somerville, Mass., and U.S. Century Bank in Doral, Fla. — delayed shareholder votes on pending deals, blaming complications from Hurricane Sandy.

Bureau’s first issue of “Supervisory Highlights” identifies issues with credit limits and inadequate mortgage disclosures as some of the violations found in first year of exams carried out by the new agency.

CEO Scott Kisting says the Spokane, Wash., which recently agreed to buy the $1.2 billion-asset PremierWest, realizes the value of scale. AmericanWest will still look at banks of different sizes, but it now prefers bigger deals.

MasterCard, which reported $772 million in third-quarter profits on Wednesday, has room to grow internationally.

Ally Financial said Wednesday that it has repaid $2.9 billion of debt issued under the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program.

Bubble-era claims about the various ways that owning a house could make you and your children happier are coming back to life.

Operations began to return to normal for JPMorgan Chase and Bank of America on Wednesday in areas hard hit by Hurricane Sandy.

A breakdown of M&A announcements in the financial services industry for the week ended Oct. 27

Parkmobile USA, a company that accepts mobile payments for parking charges, is facing a backlash after blaming its fee increase on a recent cap to debit card interchange rates.

Why are there so few women at the top ranks of large banks? One factor: they lose hope. That needs to change, editor-at-large Barbara Rehm says.

First National Bank has agreed to buy City National Bancshares in a deal between Nebraska banks.

First Midwest Bancorp (FMBI) in Itasca, Ill., reported a third-quarter loss after it too steps to resolve $223 million of nonperforming and potentially problem loans.

JPMorgan Chase sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale for market-moving wagers at the division responsible for a $6.2 billion trading loss.

Demand for loans and fewer credit losses narrowed losses at Hampton Roads Bankshares (HMPR) in Norfolk, Va. in the third quarter.