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.

Central Pacific Financial (CPF) said Thursday that first-quarter earnings rose 191% from a year earlier, to $13.5 million, as it reduced nonperforming assets and decreased the amount of chargeoffs.

Sun Bancorp (SNBC) has more than doubled the size of its New Jersey home mortgage team by hiring 50 former MetLife (MET) employees for its residential lending division.

American Banker apparently feels duty-bound to publish a story whenever it learns of a credit union that is not supporting the industry’s effort to enact legislation raising the cap that now constrains credit unions' ability to lend to small businesses ("Third Credit Union Dissents on Business Lending Bill," April 23).

MADISON, Wis. – Summit CU plans to tear down its existing branch in West Allis and replace it with a new, 14,000-square-foot building.

ROCK HILL, S.C. – Family Trust FCU yesterday unveiled plans to build a $7-million, 36,000-square-foot administrative headquarters on the site of its existing branch here.

Western Union plans to offer prepaid card rewards to boost the use of its money transmitter services.

Chrysler Group LLC notified Ally Financial Inc. on Wednesday that it won't renew its partnership, raising the likelihood that it could establish its own in-house lending arm to better compete in the U.S. market.

The Columbus, Ga., bank is a constant subject of M&A speculation. First-quarter results suggest it could go it alone for a while, but accounting, capital-raising and earnings challenges may be hard to overcome long term, experts say.

Sterling Financial (STSA) said after markets closed Wednesday that its first-quarter net income rose 146% from the same period last year, to $13.3 million, due primarily to a growth in loan balances, lower funding costs and improved asset quality.

The social network just wants to know everything about the consumer. Payments happen to be the best way for people to show they really "like" a product.

Solid revenue growth and a continued decline in problem loans helped boost Trustmark's first-quarter profit by 27% over the same period last year, to $30.3 million.

Smaller banks are struggling to keep efficiency ratios down, forcing many bankers to look at closing more branches and laying off more employees.