James Gutierrez, founder of micro-lender Progreso Financiero, is leaving the company to start a new firm that will offer cloud-based payments for the unbanked, he told American Banker.

BankAtlantic Bancorp (BBX) said in a regulatory filing that it will change its name to BBX Capital as part of its deal to sell its thrift to BB&T (BBT) in Winston-Salem, N.C.

American Express Co. (AXP), the largest credit-card lender by spending, is raising its quarterly dividend 11% to 20 cents per share, its first increase since November 2007.

An institutional investor at Broadway Financial (BYFC) has agreed to swap its preferred shares for common stock to help the Los Angeles company attract more capital.

Most marketing executives at Wall Street firms believe that new regulations governing the financial services industry will go a long way toward helping banks, brokerage houses and investment banks improve their reputations.

Author David Wolman discusses why mobile money has taken off in Africa and India and how it can happen here.

Regulators have lifted an informal agreement with the banking unit of MainSource Financial Group (MSFG) in Greensburg, Ind.

At least three serial consolidators are positioning themselves for more deals should the right opportunity arise. SCBT and Iberiabank filed shelf registrations this month, while Wintrust raised $127 million.

BancTrust Financial Group in Mobile has put itself on the block, and as many as a half dozen banks could pursue it. The bidding process could foretell a lot about the appetite for small, complex deals everywhere.

Wells Fargo made repeated promises in the past six months to turn over documents and emails to the Securities and Exchange Commission but repeatedly failed to do so, according to a complaint filed in federal court on Friday.

Bank of America is seeking to consolidate multiple lawsuits involving Taylor Bean & Whitaker and Colonial Bank in New York federal court, the latest fallout from a multibillion-dollar fraud that resulted in the collapse of both firms and left a number of mortgage executives in prison.

First Banks of Clayton, Mo., is exiting Florida roughly four years after it entered the state with the acquisition of the troubled Coast Financial Holdings.

The 2009 Card Act required lenders to "consider" customers' "ability to pay" before granting credit on cards.

Unobtrusive until now, a set of unrelated security requirements is about to become pretty unpopular, and costly.

Wells Fargo is trying a new twist on long-controversial down-payment assistance programs, which give money to prospective borrowers who otherwise could not afford to buy homes.

CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.

Alabama's BancTrust Financial has abandoned a bid to raise private equity funds. As bank-acquirers circle, a deal could say a lot about the state of M&A.

Citigroup Inc. (C) is reducing its stake in a Turkish bank and its earnings will take a hit because the value of the investment has declined.

In what would be just the second acquisition in its 49-year-history, FNB Bancorp in South San Francisco has struck a deal to buy Oceanic Bank Holding in San Francisco.

Yahoo said it would appoint three new independent directors to its board in April, including an executive from American Express.