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.

Valerie Soranno Keating, the head of Barclays' global card operations, weighs in on mobile payments, the differences between the U.S. and U.K. markets and the importance of working with regulators.

First PacTrust Bancorp (BANC) suffered some growing pains in the second quarter on higher noninterest expenses.

U.S. Bank NA, which held customer money for Peregrine Financial Group Inc., knew or should have known the collapsed commodities brokerage had insufficient funds on deposit, a firm client claimed in a new lawsuit.

MasterCard (MA) is asking the European Union's highest court to overturn an EU decision that the company's cross-border card fees breach antitrust rules.

Redwood Trust, the dominant issuer of home-loan securities without government backing since the financial crisis, plans to jump into the market backed by taxpayer-supported Fannie Mae and Freddie Mac.

Illinois state regulators closed $88.9 million-asset Waukegan Savings Bank, the fortieth failure of the year nationwide and the sixth in the state.