North Carolina Gov. Bev Perdue said Tuesday that she has nominated Ray Grace to take over as the state's banking commissioner.

JPMorgan Chase plans to scale back its branch expansion, cut hundreds of investment banking technology jobs and sharpen its focus on affluent customers and international markets, Todd Maclin and other executives say.

Wells Fargo & Co. unveiled specific new terms in the national mortgage servicing settlement on Tuesday, providing the most detailed summary to date of what concessions banks did and did not win from federal and state officials.

It's about time banks stop whining about increased regulation and do something to get ahead of it.

Sen. Mark Udall, a Colorado Democrat, has placed a hold on a community bank bill that would increase the 500-shareholder threshold that requires a small bank to register with the SEC. He is conditioning his support on the advancement of a separate bill that would raise the cap on credit union member business lending.

The Wisconsin private equity company, not to be confused with the New York firm, wants more capital to invest in smaller banks. Jon Bruss, the company's CEO, shares his thoughts on banking, private equity and what the future holds for struggling banks.

Wells Fargo & Co. said Tuesday it received a Wells notice from the Securities and Exchange Commission relating to disclosures in its mortgage-backed securities offering documents.

James E. Young, the longtime president and chief executive of Citizens Trust Bank in Atlanta, died on Monday after a brief battle with cancer. He was 62.

SunTrust Banks Inc., which has already lost hundreds of millions after repurchasing bad mortgages, could lose up to $150 million as it deals with the cost of mortgage-servicing problems.

After imposing a raft of new regulations, mortgage regulators are seeking servicing industry input to prevent the latest housing rescue bids from suffering the same dismal fate as their predecessors.

Carlile Bancshares Inc. in Fort Worth announced late Monday that it is acquiring Northstar Financial Corp. in Denton, Texas, and its subsidiary, the $950 million-asset Northstar Bank.

People's United has agreed to pay $3.25 million to acquire Citizens Financial' 52 branches inside Stop & Shop supermarkets on Long Island and elsewhere in New York, plus four traditional branches.

Past reports on industry health showed limited, if any, loan growth, but that changed in the most recent Quarterly Banking Profile.

BankAtlantic Chairman Alan Levan indicated that a court decision to block the sale of the company's thrift unit to BB&T could essentially derail the deal.

The plans provide new details on how banks will address foreclosure errors under consent orders signed last year.

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The Federal Housing Administration is following through with its pledge to increase upfront and annual insurance premiums on its forward single-family business.

The Federal Reserve Board will terminate an agreement with Associated Banc-Corp next month as the Green Bay, Wis., company entered into a different order with another regulator.

Prosperity's agreement to pay $529 million for American State Financial is one of the priciest deals since Comerica agreed to buy Sterling Bancshares more than a year ago, but the reaction to it is much more positive than it was to Comerica's deal.