Prices fell and the pace of dealmaking slowed last month, but March started off strong with another big deal in Texas.

Richard Hendrix, the president and CEO of FBR & Co., says that earnings and price expectations must "reset" for capital to come back to banks. In a wide-ranging Q&A, he discussed bankers' reluctant to tap capital markets and his belief that it could take time before a meaningful level of IPOs take place.

To create a mobile banking offering that can compete with banks or the likes of Google, the prepaid card marketer Green Dot is purchasing the location-based deals company Loopt.

The Office of the Comptroller of the Currency has ended a formal agreement with City National Bank of Florida.

Fifth Third Bancorp of Cincinnati has laid off an unspecified number of employees as part of an ongoing effort to control expenses.

Buoyed by strong top-line revenue growth and improved asset quality, the $1.2 billion-asset First Business Financial Services in Madison, Wis., reported record profits in 2011.

Banks including Wells Fargo, JPMorgan Chase and Capital One are cashing in on the rebound in car sales, as their auto lending arms search for ways to boost still-sluggish consumer loans.

The prepaid card marketer Green Dot said Friday that it agreed to buy the location-based deals company Loopt.

More than 200,000 financially strapped households will have a chance to sharply reduce their mortgage balances under a side deal negotiated by Bank of America that could allow the bank to avoid as much as $850 million in penalties.

Suddenly, it seems like almost everyone is offering a mobile wallet. Major issuers, telco consortiums, search engines and other third-party intermediaries are clamoring for attention.

Three years ago, the Seattle bank was struggling mightily with bad loans and diminishing capital. A recently completed IPO put $96 million back into the bank, putting it on the path to recovery.

Citigroup Inc. has nominated a healthcare industry veteran and a former American Express Co. executive to be independent directors on its board.

The U.S. is already lagging other countries in its conversion to a secure chip-card format. And if Canada is any example, the U.S. may continue to lag despite the aggressive deadlines set by the card networks.

It’s "insane" that some lenders still use carbon paper, Andrew WeissMalik of On The Go Technology says.

A year and a half after completing its recapitalization, Sterling Financial Corp. in Spokane, Wash., has been released from an enforcement order with the Federal Reserve Board.

MasterCard Inc. has appointed Steve Grigg president of its Access Prepaid Worldwide unit.

FDIC objected to private equity deal involving Prosperity Bank Co. in St. Augustine, Fla., sources said. It had served as a model for a good bank/bad bank deal involving BankAtlantic that a judge recently blocked.

Two California banks have repaid funds they received from the Treasury Department under the Troubled Asset Relief Program.

The Federal Reserve Board on Thursday released details on steps three more mortgage servicers are taking to correct deficiencies in their foreclosure practices.

Discover Financial Services has signed a deal with the National Payments Corporation of India, in the credit card company's latest effort to increase card acceptance abroad by teaming up with local networks.