Lehman Brothers Holdings Inc. confirmed its will buy the 26.5% stake in Archstone it doesn't already own for $1.58 billion, ending a high-stakes battle over the control of the apartment giant.

A Los Angeles law firm offers to pay brokers for convincing homeowners to pay $5,000 "referral" fees and sue banks. Critics raise legal and regulatory questions.

WASHINGTON — The Commodity Futures Trading Commission will hold a daylong public roundtable on the Volcker Rule on Thursday, May 31, the agency announced.

Two small Pennsylvania banks — First Priority Financial of Malvern and Affinity Bancorp of Wyomissing — have announced a deal that would create a 10-branch bank outside Philadelphia.

Writeoffs for bad loans, excluding mortgages, have dropped almost to pre-recession levels, according to a report from Equifax.

Buoyed by strong revenue and loan growth, the U.S. operations of TD Bank Group in Toronto reported earnings of $358 million in the quarter that ended April 30, up 16% from the same period last year.

The acquisitive bank in Lafayette, La., benefits from having executives who have lived all over in their careers - but constant relocation can test a marriage, Chief Executive Daryl Byrd says.

WASHINGTON — The U.S. Supreme Court on Thursday ruled Louisiana borrowers can't sue Detroit-based Quicken Loans Inc. on allegations the company charged them loan-discount fees but did not provide reduced interest rates in return.

As the potential end of unlimited deposit insurance for noninterest bearing accounts nears, industry observer weigh in on what could to happen to those deposits. Some see the Dec. 31 end of the program as a 'litmus test' for Too Big To Fail and an opportunity for smaller banks.

A small Florida bank has refused to sign an enforcement order that would require it to beef up its capital reserves and reduce its risk, and now its state regulator is asking the courts to step in.

Harvard Illinois Bancorp's management and board have prevailed in their proxy battle with an activist investor.

"The future is going to be no one company is going to own digital payments and digital commerce," says Dan Schulman, group president of enterprise growth at American Express, who has met with more than 300 mobile commerce companies in Silicon Valley. "It's going to be a combination of financial services companies, wireless companies, software companies, retailers coming together to think about, how do we offer a better experience for the consumer in this commerce lifecycle."

Amex has plans to converge its prepaid cards and its digital wallet. Dan Schulman, group president of enterprise growth, explains.

Waves were made in early August, when Google announced that its Wallet worked with all major credit cards and American Express counter-announced that no, it does not have an agreement with Google to work with its Wallet. Sean Sposito grills Dan Schulman, group president of enterprise growth at Amex, about this very public dispute.

It's a crowded mobile wallet market, with Google, PayPal, Isis and others strenuously pushing their products. Dan Schulman, group president of enterprise growth, shares what he believes are the strengths of American Express’s Serve digital wallet.

A closed loop can help eliminate spam and unwanted marketing messages, according to Dan Schulman, group president of enterprise growth.

American Express has ambitious plans for Serve, Dan Schulman, group president of enterprise growth explains.

Most of us in the banking community are seeking, after the crash, to rebuild trust, shareholder and client loyalty, businesses and lives. As time goes on and memories fade, we should remember the job is not finished.

In a Harvard Business Review op-ed, ex-Citigroup and Bank of America executive Sallie Krawcheck provides a glimpse of how she'd run a bank if given the chance.

Citigroup Global Markets on Thursday bought $1.67 billion of complex residential mortgage assets from a Federal Reserve Bank of New York portfolio taken on during the 2008 bailout of American International Group, according to the New York Fed's website.