The mobile financial services startup said Monday that Alex Sion, a former senior vice president of wealth management executive at Citigroup (NYSE: C) who most recently headed the financial services arm of marketing firm SapientNitro, has joined the company as president.

Fanatical insistence on lending to risky borrowers to get them to buy more houses destroyed trillions of dollars. Now there's pressure to make even riskier, unsecured loans to these consumers. A freer, fairer market would do better.

Creating New Hampshire Mutual Bancorp will mean one fewer thrift but allows management the chance to preserve a type of institution that is threatened with extinction.

At age one, Occupy Wall Street is smaller and no more focused than in its early days. But its protests in Lower Manhattan this week show that among some, at least, anger toward banks continues to simmer.

Waypoint Real Estate Group, an investment firm focused on foreclosed homes in the U.S., has secured a $65 million loan from Citigroup (NYSE:C) to buy additional properties to turn into rentals.

Echoing elements of the mortgage robo-signing controversy, investigators are looking at whether JPMorgan Chase and other banks botched the documentation and amounts owed on credit card debts they sold.

Buffalo-based M&T is offering myriad alerts and customizations of alerts, including "do not disturb" windows in which the bank should leave the customer alone.

Underserved consumers need access to high-quality small loans from financial institutions that are based on sound underwriting and include tools for budgeting and saving.

As new banking standards come into focus, the debate rages on about whether they will strengthen the financial system or merely bury it in red tape.

Polonia Bancorp in Huntington Valley, Pa., is giving investors a chance to buy more of its stock after a planned public offering started sluggishly.

BNC Bancorp in High Point, N.C., has completed its acquisition of KeySource Financial nearly 10 months after announcing the deal.

Three Ohio credit unions have completed a rare three-institution merger to form Pathways Financial Credit Union.

Flickers of life in the housing market are prompting homebuilders to seek revolving lines of credit from banks for the first time in several years. They are getting them, and money from the debt and equity markets, too.

Broadway Financial (BYFC) in Los Angeles has increased its 2011 loss by 45%, to $15.4 million, after restating its financial results.

The holidays came six months early for some credit unions this year, in the form of an NCUA ruling that allows remote teller technology to qualify as service facilities.

Congress has punched traditional bankers in the nose, and if we do nothing in the next 50 days, they will continue this abuse with impunity.

MISSION VIEJO, Calif. – Navy FCU will open a new branch here this morning, its 32nd in California, which will serve the 8,700 Department of Defense, military, civilian members, and their families in Orange County.

The Missouri Division of Finance closed the $282.3 million-asset Truman Bank in St. Louis on Friday. The Federal Deposit Insurance Corp. entered into an agreement with Simmons First National Bank in Pine Bluff, Ark., to buy the bank's assets and assume its $245.7 million in deposits.

First Bancshares (FBSI) in Mountain Grove, Mo., said that fewer troubled loans helped it turn a profit in the fiscal fourth quarter that ended June 30.

The FDIC is trying to help bankers prep for exams and more clearly understand the results as part of a broader effort at improving relations, Martin Gruenberg, the agency's acting Chairman, said.