Continuing in its quest to reinvent itself as a specialty-finance lender, TCF Financial Corp. of Wayzata, Minn., has launched a new division that will specialize in asset-based and cash-flow lending to smaller middle-market companies across the U.S.

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Mortgage bondholders are threatening legal action over the $25 billion national mortgage settlement, which will give the five largest servicers credits for principal writedowns that the bondholders may take.

Private equity investors are requiring rigorous stress testing of banks' loan portfolios before they even consider making an investment.

Making good on its promise to continue to grow through acquisitions, Iberiabank Corp. in Lafayette, La., announced Monday that it is buying the $350 million-asset Florida Gulf Bancorp Inc. in Fort Myers for up to $48.1 million in stock and cash.

Citizens Financial Group in Providence, R.I., has become the latest banking company to increase fees on its checking accounts.

SunTrust Banks Inc. will make several changes in its executive lineup, including top officers in retail banking.

Pacific Crest FCU announced on Monday that it is acquiring two northern California branches from ailing PremierWest Bancorp.

KLAMATH FALLS, Ore. – Pacific Crest FCU announced this afternoon it is acquiring two California branches from ailing PremierWest Bancorp.

The Federal Housing Finance Agency had sharp words Monday for state and local governments that have passed laws meant to help homeowners facing risk of foreclosure, blaming them for slowing down the foreclosure process.

To date, the public dialogue about the Transaction Account Guarantee program has been divided between the political and reputational risks of continuing this extraordinary federal insurance and the potential liquidity crisis that could ensue if the program ends prematurely and abruptly.

New guidelines say directors and officers could face investigation from the agency if they copy or remove bank records before a seizure.

Less than 250 credit unions have the size, capital, and charter needed to successfully buy a community bank.

Bank CEOs gathered at an industry conference had some sharp words for regulators — and for each other. Click through to see the best zingers from American Banker's Best Practices in Retail Banking conference.

Union Bank's deal to buy Pacific Capital is making the U.S. Treasury's decision to a quick write-down on its investment in the target on look like a shrewd choice.

United Security Bancshares Inc. in Thomasville, Ala., reported a fourth-quarter loss of $9.5 million, compared with a loss of $6.5 million a year earlier, as it recorded a $4.1 million goodwill impairment charge to reflect continued weakness in its real estate portfolio.

BillMyParents announced Monday that it will soon be talking directly to its prepaid card users over the Web through a deal with RespondQ.

In what would be the first acquisition in its 50-year history, Peoples State Bank in Wausau, Wis., is planning to buy the $108 million-asset Marathon State Bank in nearby Marathon City for $5.6 million.

As Chris Larsen steps aside as Prosper's CEO, the company — and the rest of the peer-to-peer lending industry Larsen helped create — has the opportunity to change its course and possibly even merge with one of the very banks it originally sought to displace.

Crybaby bankers, when not engaged in weeping over new rules, focus on attacking "shadow banking," whether in the form of payday lending or money funds.