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.

Officials in Florida, the largest force-placed insurance market in the U.S., are investigating whether banks get kickbacks from insurance firms when they buy the coverage for homeowners behind on their premiums, Insurance Commissioner Kevin McCarty says.

More than 200 web developers and designers pulled all-nighters in New York to build digital commerce applications over the weekend. The event yielded 37 innovative technology "hacks" in about 30 hours.

Despite the low number of prosecutions under Sarbanes-Oxley, crimes committed by banks have been punished with big fines. Too bad that's not enough to keep them from offending again.

International Bancshares (IBOC) in Laredo, Texas, posted lower quarterly earnings because of shrinking margins and changes in the regulatory environment.

Eagle Bancorp (EGBN) in Bethesda, Md., has filed a new shelf registration that would allow it to raise up to $125 million.

Low prices and growth opportunities are luring mid-cap buyers from neighboring states to the failure-ravaged Southeast.

London equals weak regulation. Self-regulation equals self-interested regulation. Libor is set in London, by banks, through self-regulation. Why all the shock and outrage when banks set it to suit themselves?

A small Kansas bank will significantly increase its assets with a deal for an even smaller Missouri bank.

Eileen Serra, a card executive for mass affluent and high-net-worth customers at JPMorgan Chase (JPM), has been appointed chief executive officer of its card services unit, the company announced Monday.