A Virginia Beach investment group has pulled the plug on its plan to buy a struggling bank in the Washington, D.C., suburbs.

Alleged panaceas abound for the banking industry's ills. Unfortunately, many are likely to prove less effective than advertised, cause collateral damage, or both. Here's a look at some of the most popular silver-bullet proposals and their shortcomings.

The high court declined to rule this week in a case involving the right of consumers to sue banks for failing to post ATM fees. That leads banks back to Capitol Hill in their quest for relief from a costly spate of nuisance lawsuits.

Cardinal Bankshares Corp. in Floyd, Va., has settled a dispute with a former executive it claims was conspiring with an investor to force its sale.

With changes to capital standards looming, PNC Financial Services Group (PNC) is preparing to redeem $967.5 million in trust-preferred securities.

Robert Maddox, who negotiated the $25 billion national mortgage settlement on behalf of Ally Financial, insists that the penalty far exceeds the damage done to borrowers.

Many borrowers with great credit can't get financing rates commensurate with their low risk. There's a major opportunity for banks to generate attractive returns by providing fairly priced student loans to these customers.

Lehman Brothers said Friday it has sold its Aurora Bank subsidiary, a move that, coupled with an earlier sale of Lehman's Woodlands Commercial Bank, should help funnel some $1.5 billion into the pockets of Lehman's creditors.

SecondMarket's pilot program to create a market for hard-to-sell stock.

KALAMAZOO, Mich. – Consumers CU opened two new branches this week, in Kalamazoo and Mattawan.

The PayPal Prepaid MasterCard will be sold at 5,500 7-Eleven stores by the end of the year.

Citigroup (NYSE: C) announced two programs Thursday aimed at helping current and former members of the military with their mortgages

The CFPB finalized a rule Thursday that seeks to ensure that information banks give the bureau through supervision retains attorney-client privilege.

The Federal Reserve Bank of Richmond has ordered Village Bank and Trust Financial in Midlothian, Va., to serve as a source of strength for its ailing bank subsidiary.

Persistent low rates, fierce competition and lackluster loan growth will prevent most community banks from reporting blow-out earnings growth in the second quarter. Much of the profit likely will come from purges of bad assets.

The prospect of better spreads at Oriental Financial Group trumps the hit to book value under its $500 million agreement to buy BBVA's unit in Puerto Rico.

The Government Accountability Office put new pressure on the agency to make a decision after months of foot-dragging.

Regulators are taking a hard look at payday lending practices, and that could give banks an unprecedented edge over storefront operators.

A little more than a year after saving a struggling Kansas thrift, the owners of a Chicago mortgage firm have been awarded two large grants to relocate the thrift's headquarters to the Windy City and open a large loan production office there.

In a report released Thursday, the Government Accountability Office flagged concerns about the rising use of appraisal management companies as well as the government's oversight of the appraisal industry.