A former H&R Block Inc. (HRB) unit has agreed to pay $28.2 million to settle charges it misled investors by failing to disclose that its financial condition was significantly deteriorating, the Securities and Exchange Commission said.

Loan-loss provisions keep plummeting at community banks, as credit trends improve and a need for protective stockpiles subsides. The drop has contributed to some community banks beating analysts’ profit estimates for the first quarter.

Truman Bank of St. Louis has been undercapitalized since late last year and the Federal Reserve Board has issued a Prompt Corrective Action order saying said it has 90 days to either bolster its capital levels or find a buyer.

PrivateBancorp (PVTB) in Chicago reported first-quarter earnings of $10.8 million, up 44% from a year earlier, as credit costs fell and the company collected more fees.

Most major banks sell rights to soured loans to debt collectors for pennies on the dollar. Those pennies can add up to tens of millions in dollars in revenue for a large card issuer, but American Express and USAA have long left that money on the table.

Strategic defaulters have lost the incentive to pay. Something should be done to replace that incentive, not simply reduce debt.

PNC Bank executive William S. Demchak has moved a step closer to the corner office now occupied by Chief Executive James E. Rohr.

The CFPB is seeking information for a study about consumer arbitration clauses, viewed by observers as the first step toward imposing restrictions on the controversial provisions.

Shares of UMB Financial (UMBF) hit a 52-week high Tuesday after the Kansas City, Mo., company reported a record $46.4 million profit in the first quarter, a 50% increase from the same period last year.

Synovus Financial (SNV) is coming off its most profitable quarter in four years and now everyone wants to know when the Columbus, Ga., company plans to repay the Troubled Asset Relief Program.

A program unveiled by two federal agencies Tuesday will allow banks to provide more than just loans to aspiring small-business owners.

BOK Financial (BOKF) in Tulsa, Okla., reported first quarter earnings of $83.6 million, up from 29% from a year earlier, as credit costs lowered and mortgage banking revenues soared.

Aided by strong loan growth, Signature Bank (SBNY) in New York reported first-quarter net income of $42.4 million, up more than 22% from a year earlier.

The acquisition would add 15 branches and deepen penetration in key markets.

Goldman Sachs shareholders will decide next month whether to reelect board member James A. Johnson, a former CEO of Fannie Mae, who is facing vocal opposition from a large mutual fund investor.

Is it fair to give a 30% haircut to borrowers who put zero down, and not to their neighbors who put 30% down? Or to distribute taxpayer funds to five states with half the country's negative equity?

PENSACOLA, Fla. -- The children and teens on the Escambia 4-H County Council voted yesterday to sell the 240 acres at their 4-H Center to Navy FCU, clearing the decks for a major expansion of the credit union’s giant call center campus here.

Women expect you to walk the talk. If you say, "we care about and believe in women," yet all of your management is men, then, Houston, you have a problem.

Regions Financial Corp.'s (RF) first-quarter earnings more than doubled as the regional lender set aside less to cover loan losses and saw noninterest income edge up.

Synovus Financial Corp. (SNV) swung to a profit in the first quarter, extending the regional lender's streak of quarterly profits as revenue easily topped expectations.