Illinois soared to the highest foreclosure rate in the U.S. last month as job losses mounted, luring investors that scoured the state for homes priced at half of peak values.

MARLBOROUGH, Mass. – St. Mary’s CU was cleared Tuesday to build a new branch at the old Friendly’s Ice Cream location in Westborough.

Rep. Jeb Hensarling, a candidate to assume control of the House Financial Services Committee next year, sharply criticized the Dodd-Frank Act, saying it had severely damaged financial institutions.

The Near Field Communication chip used in many mobile wallets was conspicuous by its absence during Apple Inc.'s unveiling of the iPhone 5.

Capital One's CEO expresses concern that innovations from the likes of Google and PayPal could put banks in a "back seat." He also says the bank is done with acquisitions for the time being.

Citigroup won dismissal of a suit in which cardholders claimed the bank failed to take adequate steps to prevent a computer security breach that affected more than 360,000 accounts.

WASHINGTON — The Federal Deposit Insurance Corp. warned banks under its watch Wednesday about the risks of acquiring participations in loans while relying too heavily on originating institutions for the underwriting.

The FDIC highlighted continued use of "alternative financial services" in its second-ever survey reporting the share of households that are unbanked or underbanked.

Executives clashed over whether to add or kill branches, parried M&A rumors, defended big banks and braced for economic slowdown at the Barclays financial services conference in New York.

Zions Bancorp. (ZION) is hopeful that it will exit the Troubled Asset Relief Program in late September or early in the fourth quarter.

BNP Paribas SA, France's biggest bank, embarked on a five-year plan to expand services to affluent U.S. clients as the company looks to businesses beyond its core European market for growth.

"No financial institution's collapse could sink our economy"? Funny. "To accord nonbanks parity with banks, just regulate nonbanks more strictly"? Hilarious. But here's a real howler: "We have to go on subsidizing home building and financing."

Regions has retooled its wealth management operations, an effort that was partly spurred by the company's sale of Morgan Keegan earlier this year.

Banks as a whole continue to invest heavily in bonds issued by Fannie and Freddie, but strategic orientations vary widely across individual companies. Use this interactive graphic to see portfolio composition for big holding companies.

The Fed may be considering more quantitative easing or keeping interest rates artificially low. That's not what leaders of small banks want to hear.

Banks have to spend money to make money and avoid overreliance on acquisitions, BB&T's CEO said in discussing plans for de novo branches and other investments.

A judge has dismissed most of the claims against Michael Perry, but the SEC is not backing down from its claim that he misled investors.

JPMorgan Chase (JPM) recently dismissed 74 employees in Florida as the bank shuffles staff to accommodate demand for mortgage refinances.

The mother of the Consumer Financial Protection Bureau spent much of her recent prime-time performance accusing banks of dishonesty. Perhaps she should take a gander in the mirror.

With consumer mobile access for banking channels and services growing, loosening privacy data rules may be the edge needed to combat fraud.