Wells Fargo & Co., the largest U.S. mortgage lender, said a refinancing program may cut annual interest income by as much $215 million, more than double what the firm estimated three months ago.

Provident New York Bancorp (PBNY) in Montebello has raised roughly $46 million to help fuel its expansion in the New York City area.

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Freddie Mac said a strengthening housing market means it will not add to the debt it owes U.S. taxpayers for the first time since the first quarter of 2011.

Insurance commissioners from around the country will hold a hearing on force-placed insurance productsThursday. Though insurers would bear the brunt of any regulatory actions, banks are at risk, too.

RICHMOND, Va. -- Governor Bob McDonnell announced this morning that Navy FCU has agreed to make a multi-million dollar investment to expand its member service operation in Frederick County, topping a competing bid from Florida where the credit union giant operates a huge call center.

Canadian Imperial Bank of Commerce (CM) has agreed to buy MFS McLean Budden's private-wealth business.

The Miami area was hit hard when the housing bubble burst. Five years later, the area is starting to see more activity from foreign investors and new construction is under way, giving hope to the rest of the state's banks.

MetLife, the insurer seeking an exit from banking to limit U.S. regulation, was penalized $3.2 million by the Federal Reserve for lapses tied to the servicing of loans and handling of foreclosures.

Hampton Roads Bankshares (HMPR) is on the verge of a $45 million rights offering, the second phase of the Norfolk, Va., company's $95 million capital-raising effort.

Sen. Richard Durbin, who won federal limits on debit-card swipe fees, said merchants should "think hard" before signing a $6.6 billion settlement with Visa Inc., MasterCard Inc. and banks over credit-card fees.

Citigroup may take a charge of almost $6 billion this quarter as it writes down the value of the Morgan Stanley Smith Barney venture, said Jason Goldberg, a Barclays analyst.

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ANNAPOLIS, Md. – Navy FCU plans to build a fourth branch in this state capital, home to the U.S. Naval Academy, a 10,500-square-foot facility with five drive-thru lanes.

ATLANTA – Delta Community CU has opened its 23rd metro Atlanta area branch in midtown’s historic district, across the street from The Margaret Mitchell House.

The Office of Mortgage Settlement Oversight said Monday that it has hired secondary consulting firms to assist BDO Consulting in overseeing compliance of the five largest mortgage servicers with the $25 billion national servicing settlement.

JPMorgan Chase has appointed Eileen Serra the CEO of card services. She benefited from an ongoing executive shake-up and experience with affluent customers — a hot market for the evolving cards industry.

BNC Bancorp (BNCN) has readied itself in case the Treasury Department opts to include the High Point, N.C., company's shares in an upcoming auction of securities tied to the Troubled Asset Relief Program.

GoldenTree Asset Management LP, the $15.7 billion hedge fund specializing in corporate credit, hired Goldman Sachs Group Inc. trader Deeb Salem as the firm expands its mortgage-bond team.

Monarch Bank in Chesapeake, Va., will launch a new wealth management unit as it looks to expand in Virginia.