There are fewer opportunities for upward mobility, and it's likely that the bank you go to work for will soon be merged out of existence. Is this the kind of environment that attracts the best and brightest?

Discover Financial Services' (DFS) profit declined 11% in the fiscal second quarter as it set aside more money to cover future loan losses, offsetting an increase in loan balances.

Legacy Bank in Colwich, Kan., has reached its first deal in its 126-year history with an agreement to buy Alliant Bank in Sedgwick, Kan.

BancAlliance , a Chevy Chase, Md., asset management firm that helps small banks team up on large commercial loans, has raised $150 million in new capital that it will use to expand its lending network.

The public will be able to review complaints against individual banks through a database the CFPB is launching Tuesday.

MANSFIELD, Texas – Texas Trust CU has purchased a two-building, 78,660-square-foot office complex in nearby Arlington.

EVERETT, Wash. – Alaska USA FCU opened a new branch inside the Silverlake Safeway, its fourth opening in Washington so far this year.

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The Birmingham, Ala., bank stands out for its efforts to attract long-ignored customers to the traditional banking system with alternative products, including the popular but controversial "Ready Advance."

Fentura Financial (FETM) in Fenton, Mich., has gotten approval for the appointments of two key executives.

MidSouth Bancorp (MSL) in Lafayette, La., announced Monday that it is buying two branches in Baton Rouge from rival Hancock Holding (HBHC).

Bank of Virginia (BOVA) in Midlothian is seeking more capital to fuel bank acquisitions following a prolonged restructuring.

Five years after embarking on a path to become a bank holding company, specialty lender CapitalSource is almost there. Tad Lowrey, the CEO of CapitalSource Bank, thinks the Fed will approve an application next year, now that company is "smaller, simpler and cleaner."

BB&T (BBT) Chief Executive Kelly King urged his fellow bankers Monday to vote against politicians who favor more regulation of the private sector and replace them with leaders who have more faith in the free markets.

Equity Residential, the largest U.S. publicly traded apartment owner, is close to a deal to buy the Beatrice luxury tower in Manhattan's Chelsea neighborhood for $280 million, expanding in New York as rents jump.

The Federal Housing Administration has rescinded guidelines that would have made it harder for consumers to qualify for a mortgage if they have a collection action or disputed credit account of at least $1,000.

First Midwest Bancorp (FMBI) in Itasca, Ill., has named Thomas M. Prame its director of retail banking, a newly created position in which he will be responsible for the bank's 100-branch network and oversee the expansion and development of its retail products and services.

The investment bank, which specializes in research, says it has begun covering the online auction and shopping company because of its ecommerce unit, PayPal.

Two payday lenders have filed suit against the city of Austin, Texas, claiming that new regulations restricting where payday lenders can operate and how much they can lend to one borrower violate state laws.

We finally have a regulator with no mandate to preserve banks' image. To protect consumers, the CFPB must assure that those who cheat them are punished. New rules won't help if we don't enforce the old ones.