Jamie Dimon never had it, actually. He assiduously avoided subprime consumer credit, leaving profitable business on the table, but JPMorgan's recent trading loss reveals lax management of much greater risks.

The Treasury Department is auctioning off shares it owns in seven more community banks still left in the Troubled Asset Relief Program and at least five of the banks intend to bid on all or some of the shares themselves.

Capitol Bancorp in Lansing, Mich., is asking its debt holders to convert their interests to equity in what appears to be a last-ditch bid to avoid bankruptcy.

The national mortgage servicing settlement has proven a bust so far in helping clear up delinquent loans. Meanwhile, penalties for foreclosure misdeeds have become a hot-button issue.

We'll know that the banking industry has returned to full health when we see a significant number of new charters. We're not there yet.

Twitter co-founder Jack Dorsey and his Square payments device were the undisputed stars of this month's Underbanked Financial Services Forum — and Dorsey wasn't even there.

A year after completing its acquisition of M&I Bank in Milwaukee, Bank of Montreal's BMO Harris Bank said it is shuttering 17 branches in Wisconsin, as well as five branches in Indiana and one each in Illinois and Kansas.

Armed with $150 million of fresh capital, Alliance Partners in Chevy Chase, Md., has announced that it is adding an equipment finance unit to go along with its existing corporate lending service.

The New York State Assembly passed a bill that protects homeowners from fraudulent business practices like robo-signing from taking place during the foreclosure process.

Loan brokers using table funding captured 9.9% of the origination market in the first quarter, a slight gain from 4Q when the sector had a 9.7% share, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

RIVERSIDE, Calif. – Navy FCU will open its first new branch of the year this morning outside March Air Reserve Base, the fifth Navy Federal branch in Riverside County.

KANSAS CITY -- The Kansas City CU will open two new branches later in the summer, giving the $102 million credit union five locations overall.

MADISON, Wis. – A new study released Friday by the Filene Research Institute challenges the flood of credit union spending in recent years on new branches, concluding the proliferation of new delivery channels has made traditional brick and mortar an expensive, and in many cases, an unnecessary option.

The highest court in Massachusetts rejected, in part, a challenge from a Boston homeowner who had contested the validity of her foreclosure, in a widely watched case that threatened to cause a wave of new legal problems for banks seeking to repossess homes.

Supporters of the Consumer Financial Protection Bureau are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle. But it may still have an impact on the CFPB's operations in a more indirect way.

The annual American Banker/Reputation Institute survey ranks the health of consumer perceptions regarding 30 of the biggest names in retail banking. Is there a prescription for what ails these institutions?

Kearny Financial (KRNY) of Fairfield, N.J., has decided to skip its next quarterly dividend payment despite a proposal from the Federal Reserve Board that would prohibit thrift holding companies from missing dividend payments.

Bank of America (BAC) is the latest bank to announce that it will redeem its trust-preferred securities in advance of new capital requirements that will start being phased in at the beginning of 2013.

USAmeriBank of Largo, Fla., has purchased a building in Tampa, Fla., where it intends to open a new branch and staff it with 25 new hires.

Bank of America, Citigroup and JPMorgan Chase have even more reason to hold back on lending and consider more sales of noncore units after Moody's lowered their credit ratings.