The deal would give Wells an entrée into prime brokerage and continues its niche M&A strategy.

Citigroup Inc. said Friday it tapped Tatsuo Tanaka, deputy president of Mitsubishi UFJ Financial Group Inc., as chairman of Citigroup Japan Holdings.

Buoyed by growth in the number of active cards, Green Dot reported first-quarter earnings of $17.1 million, up 35% from the same period a year earlier.

Citizens Republic Bancorp (CRBC) in Flint, Mich., reported its fourth-straight quarterly Thursday profit as loan quality continued to improve and a surge of new deposits helped generate fresh income from investment securities.

The investment bank FBR & Co. (FBRC) announced Thursday that longtime Chairman Eric F. Billings will step down in June and that he will be replaced by the firm's president and chief executive, Richard J. Hendrix.

He will succeed Edgar Ancona, who is retiring after 18 years with the company, at the end of June.

As revenue growth diminishes, more community banks are looking to expand their wealth management and trust operations. A number of them, including Iberiabank and Wintrust, are turning to acquisitions for growth.

Texas Capital Bancshares' (TCBI) stock zoomed to an all-time high Thursday after the Dallas company handily beat first-quarter earnings projections and the investment firm Sterne Agee & Leach upgraded its shares from neutral to buy.

Asset quality might be paramount, but there are other things sellers need to consider as they seek to attract buyers. The list includes avoiding long-term contracts, trimming expenses and retaining key employees.

The Federal Reserve Board has terminated a written agreement with North Valley Bancorp (NOVB) in response to the Redding, Calif., company's improved financial condition.

Lois Kreitzer is a regular at shareholder meetings of the Pittsburgh bank. She and PNC CEO James Rohr made nice during the Q&A session at this year's meeting — and then she got in a couple jabs.

Bar Harbor Bankshares (BHB) in Maine is getting some love from analysts following its record earnings performance in the first quarter.

MetLife Thursday afternoon said it will exit the reverse mortgage business — where it ranks among the top five producers — selling the division to Nationstar Mortgage of Texas.

An arm of Occupy Wall Street posted a letter to Citi CEO Vikram Pandit on Thursday, reiterating its request for a meeting with him.

When I see my name in print included alongside names like Sheila Bair, Tom Hoenig, Richard Fisher, and Simon Johnson, I take notice.

Ally Financial, the government-owned lender that may seek bankruptcy protection for its struggling mortgage business, posted a $310 million profit in the first quarter driven by solid auto-finance results and improvements in its mortgage operations.

The alternative lender's new decisioning engine runs multiple models to bring its short-term loans to a larger market. It's also planning to operate in more states, a tough task for online lenders looking to navigate varied state laws.

United Community Banks (UCBI) in Blairsville, Ga., reported a profit of $8.5 million in the first quarter as lower expenses and 31% jump in fee-based revenues from the prior year more than offset slightly weakening asset quality.

A surge in mortgage lending drove strong profits for banks of all sizes in the first quarter, with some banks attributing the improvement to new regulations.

Trying to keep up with developments in mobile financial services can be a dizzying prospect. Banks are fearful of being left in the dust, yet they are hesitant to make a big bet on mobile that could possibly distinguish them from the rest of the field but could just as easily fail.