City National (CYN) in Los Angeles is eyeing acquisitions of both banks and asset management firms and its chief executive has no preference for one over the other.

Few managers manage costs. Instead, they manage the elements around cost, such as headcount. That never illuminates how work can be done differently to create permanent operating efficiencies.

Two years after regulators gave Americans more power to manage overdrafts of their checking accounts, the Consumer Financial Protection Bureau is reviewing bank practices to determine if the crackdown went far enough.

The acting head of the FHFA said Thursday he is “deeply concerned” about underwater borrowers, but that forbearance plans and short sales already serve as forms of principal reduction.

Capital One Financial (COF) has set aside an additional $75 million in its reserve in the first quarter of 2012, saying some of its salespeople did not adhere to its practices in trying to sell additional products to credit card customers.

Supporters of allowing more business lending by credit unions get nods from a consumer group and a group of conservatives and free-market organizations. Meanwhile, a Michigan credit union joins banks in opposing the measure.

Associated Banc-Corp (ASBC) of Green Bay, Wis., is coming off its most profitable quarter since before the financial crisis.

Simmons First National (SFNC) of Pine Bluff, Ark., reported a first-quarter profit of $6.4 million, up roughly 25% from a year earlier as its loan-loss provision fell.

Capital One Financial Corp.'s (COF) first-quarter profit rose 38% as an acquisition-related bargain purchase gain boosted the bank's bottom-line results and net charge-offs improved.

The uptick in KeyCorp's set-aside for bad loans was unsurprising considering it had reported credits in some recent quarters, CEO Beth Mooney says. She emphasized declining chargeoffs and a focus on niche lending.

First-quarter results made a convincing case that B of A's core businesses are firming up, even as baggage from the financial crisis continued to weigh on the company.

Patrice Ficklin, the CFPB's assistant director for fair lending, provided a glimpse into the bureau's fair lending work at a housing conference in Washington Wednesday.

The MBA head and former FHA commissioner talks about the biggest issues facing the mortgage industry.

Before the financial crisis, having a 1% ratio of nonperforming assets to total assets was the baseline between good and bad banks. In the new normal, breaking that glass bottom appears to be the new goal for greatness.

Particularly vexing is one bank’s requirement that cardholders sign up for a payment protection service before receiving materials describing it. Hawaii deserves praise for protecting residents from these questionable practices.

Comptroller of the Currency Thomas Curry on Thursday urged eligible borrowers to sign up for the OCC's foreclosure-review process, and suggested that homeowners who didn't like the results would still be able to sue their mortgage servicers later.

TCF Financial (TCB) reported its first quarterly loss in 17 years Thursday after it restructured its balance sheet to eliminate high-cost debt.

One of the most aggressive bank acquirers in the Southeast has brought in a longtime community banker to help it identify future deals.

First Niagara Financial Group's (FNFG) first-quarter profit rose, as the bank boosted its commercial lending and picked up more checking account customers.

A Federal Reserve rule has sown confusion about the way lenders pay housing appraisers, creating new turmoil in an industry already burdened by expensive middlemen, falling home prices and diminished ranks.