Dr. Daniel Vasella, chairman of multinational pharmaceutical company Novartis, has been named to the board of directors at American Express (AXP).

The $70.8 million deal would add 13 branches and $550 million of deposits in the growing Pittsburgh market.

The card-fee kerfuffle, CFPB vs. Cap One, a summer of scandals and earnings. As discussed by American Banker editors.

The deal with Apple Bank provides Emigrant with much-needed capital, though the private bank's lofty price expectations may have warded off other potential bidders, sources says.

Virginia Commerce Bancorp (VCBI) is delaying its planned exit from the Troubled Asset Relief Program following discussions with the Federal Reserve Bank of Richmond regarding its repayment plan.

First Horizon National (FHN) in Memphis said Friday that it lost close to $125 million in the second quarter after it bought back scores of soured mortgage loans from Fannie Mae and Freddie Mac.

Business borrowers are worried about the economy, and that could slow the momentum in lending the rest of the year, the heads of BB&T, Fifth Third and Huntington warn. However, banks can survive by stealing market share, focusing on stronger markets and managing risk, executives say.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

Patterns in the private student-lending industry are dangerously similar to those seen in the housing market prior to its collapse, according to a study expected to be released Friday by the Consumer Financial Protection Bureau.

DALEVILLE, Ala. – Army Aviation Center FCU opened its new operations center, a 42,500-square-foot building that cost $8 million to build.

CENTERVILLE, Utah – America First CU said it will maintain a branch at the Dick’s grocery store that closed last Saturday.

HOUSTON – Texas Dow Employees CU has increased its lease commitment in the Marathon Oil Tower, a 41-story building in the Galleria area of Houston.

The Federal Reserve Board has put the kibosh on Virginia Commerce Bancorp's plan to start paying back the Treasury Department this summer.

The FDIC wants banks to remove its name from a fee that covers their deposit insurance assessments. Bankers say the instruction runs counter to complaints that bank fees are often too vaguely defined.

AmericanWest in Spokane, Wash., announced Thursday it plans to acquire the $221 million-asset Inland Community Bank for $23.7 million, or 95% of its book value. It is AmericanWest's third acquisition in California in a year.

Porter Bancorp (PBIB) of Louisville, Ky., did not have to look far to find the new leader for its struggling bank.

The Federal Reserve Board has ended a written agreement with Premier Financial that required the Dubuque, Iowa, company to develop a plan to maintain sufficient capital and an adequate allowance for loan and leases losses.

American Express is downplaying concerns over the impact of a proposed settlement in a longstanding retailers' lawsuit against Visa and MasterCard.

KeyCorp, which is still seeing expenses eat up more than two-thirds of its revenues, will cut costs and close branches in an effort to lower its efficiency ratio.

A proposal by San Bernardino County to use eminent domain to take control of underwater mortgages would hurt government-sponsored entities Fannie Mae, Freddie Mac and the Federal Home Loan Banks. It would also hurt plans to reduce the government's role in housing.