MoneyGram International has named a new chief financial officer and an executive to oversee emerging markets.

JPMorgan Chase & Co. (JPM) and Bank of America Corp., the two biggest U.S. banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market, people with knowledge of the moves said.

John Walsh, the acting Comptroller of the Currency, used an appearance at the American Bankers Association's governmental summit to state the case against creating an alternative appeals process.

A Michigan bank that recently endured three straight years of losing money and a Seattle thrift that was once on the verge of failure are among 22 banks and thrifts that the investment bank Sandler O'Neill & Partners LP predicts will be added to the Russell 3000 stock index this year.

Activist investor Joseph Stilwell wants the company to find a seller a month after one of his representatives quit the board.

San Diego County Credit Union is now offering a range of mobile banking services through Fiserv's Mobiliti and Mobile Source Capture products.

Prepaid Financial Services Ltd. has two new partnerships to provide white-label prepaid products in the U.S. and Canada.

Bank of America will sell its Irish consumer credit-card unit to Apollo Global, the latest business unit sale by a shrinking B of A.

Flagstar Bancorp Inc. increased its loss for the fourth quarter and 2011 by $4.2 million after revising a payment to settle claims regarding underwriting practices associated with loans insured by the Federal Housing Administration.

Rurban Financial Corp. in Defiance, Ohio, has revised its 2011 earnings after the abrupt bankruptcy of a key client wound up wiping out much of the company's fourth-quarter profits.

Like U.S. Bancorp, Regions Financial Inc., BB&T Corp. and others, Citizens Republic has introduced a prepaid card and is expanding its line of alternative financial products used by underbanked consumers.

The American Bankers Association told attendees at its Government Relations Summit that now is not the time to “play footsie” with lawmakers and regulators.

BRANDON, Fla. – The old Brandon Hometown Buffet, a favorite local eatery on Sunday mornings, will become a branch of Mid Florida CU this summer.

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Is it inevitable? Will community banks as we know them cease to exist over the next 10 years, with large, regional and multi-state banks along with credit unions left to fill the gap?

Senate Democrats Tuesday failed in an attempt to scale back a bill meant to ease the path for small banks to raise new capital.

Daryl Byrd is reluctant to discuss specific markets, though he says in an interview Tuesday that his company is open to deals in several states as it looks to grow more outside its home turf in Louisiana.

Fulton Financial Corp. has promoted an insider to replace R. Scott Smith Jr., who announced plans to retire from the Lancaster, Pa., company at the end of this year.

The Federal Reserve Board has terminated a written agreement with Mid America Bank and Trust Co. in Dixon, Mo.

A group including $78 billion-asset M&T and $9 billion-asset Sterling Financial ratcheted up their servicing portfolios by a fifth or more in 2011. Nonbanks are scooping up problem loan servicing, but banks still have a distinct funding advantage.