Bankers shouldn't complain about intrusive government regulation while begging Congress to extend unlimited deposit insurance on large transaction accounts. It's disingenuous, and perhaps worse, it's dangerous politics.

JPMorgan Chase, Citigroup, Bank of America's Countrywide unit and more than six other major banks are being sued over $949 million in residential mortgage-backed securities, Reuters reported Wednesday citing a summons.

JPMorgan Chase & Co. is planning to open between 25 and 30 branches in Northern California this year as part of its ongoing quest to add market share in the nation's largest state.

The Obama Administration is pushing back against a recent news report that concluded U.S. taxpayers will subsidize the roughly $25 billion mortgage settlement.

CoBank, the largest lender in the government-backed Farm Credit System, reported record profits in 2011 as higher prices for key commodities such as corn, wheat and soy led to increased loan demand from large cooperatives and agribusinesses.

For banks, the Consumer Financial Protection Bureau's plans to take a close look at checking account overdraft fees puts a multi-billion dollar source of revenue at risk.

People's United Financial Inc. in Bridgeport, Conn., is moving to streamline its operations after making five acquisitions in less than three years.

A U.S. Bankruptcy Court trustee in Pennsylvania wants a judge to dismiss the bankruptcy case of Michael J. Covatto, former president of defunct collection agency Unicredit America Inc., an Erie, Pa.-based firm that operated a fake courtroom allegedly to intimidate debtors (see story).

The Consumer Financial Protection Bureau said Wednesday it plans to examine overdraft protection practices, including policies, terms and marketing of such programs, and their effect on consumers.

BATTLE CREEK, Mich. – Marshall Community CU opened its seventh “CU in School” branch at Wattles Park Elementary.

In a perfect world, state attorneys general and the U.S. Department of Justice would have worked hand in hand with bank regulators to fix foreclosure wrongs. But that's not how the world works.

Britton & Koontz Bank in Natchez, Miss., has been ordered by its regulator to immediately take steps to reduce the level of risk in its loan portfolio.

The growth-hungry Opus Bank in Irvine, Calif., is making good on its plans to grow organically alongside acquisitions.

Maryland lawmakers will consider a bill that would require the state treasurer to give a preference to banks with less than $5 billion of assets when doling out state banking business.

Warburg Pincus, which has invested in three banks, employed a different strategy than many of its rivals that bought into financial institutions, managing director Daniel Zilberman explains. And it has the strategy for its next round of deals ready to go.

A U.S. district court has halted an operation that the Federal Trade Commission alleges collected phantom payday loan “debts” that consumers did not owe.

Reviving a dead bank is as difficult as unscrambling an egg, but executives of the former United Western Bank are still trying to put their failed thrift back together again.

Sterling Financial Corp. of Spokane, Wash., has laid off 6% of its full-time employees as it works to reach an ambitious efficiency ratio goal by 2013.

Some small banks fear expiration of FDIC loan guarantees will cost them deposits. Others say the Transaction Account Guarantee program has served its purpose and should go away.

KBW report says Wells would be the frontrunner for Ally's profitable auto financing division, which could fetch as much as $68 billion in a sale.