BNCCorp Inc.'s shares plunged Thursday after the Bismarck, N.D., company announced a private placement at a highly discounted price.

A new report that found systemic flaws in San Francisco's foreclosure process could be fodder for securities investors to make claims against banks and mortgage servicers, its author says.

The Treasury Department has agreed to take a haircut on its equity in Broadway Financial in Los Angeles to help the company bring in new capital.

Executives hail new effort at dialogue and hold out hope for 'tiered regulation,' but the extent of actual reforms remains to be seen.

The House Financial Services Committee passed a bill to ensure that data given to the Consumer Financial Protection Bureau will remain confidential. The panel also voted to repeal a controversial section of Dodd-Frank that requires FDIC-insured institutions to spin off their swaps desks.

A group consisting mostly of community bank CEOs used the FDIC's first conference on smaller institutions to urge resistance against onerous legislation and common sense for regulation.

Starbucks Coffee Co. has raised more than $2 million in small-dollar donations from its customers since Nov. 1 in support of its effort to stimulate job growth in low- and moderate-income communities.

CIFC Corp. and Sandler O'Neill pitch community and midsize banks on participation in syndicated C&I loan deals — a market normally dominated by the biggest banks.

BROCKTON, Mass. — HarborOne CU, New England's second largest credit union, is the latest credit union giant to be considering a conversion to bank, which would be the biggest credit union conversion yet.

The Consumer Financial Protection Bureau issued a proposal Thursday that would allow the agency to supervise debt collectors and credit reporting agencies, two industries that have had an increasingly important impact on consumers during the recession.

PayPal is one of the largest drivers of interchange revenue for the major card networks, yet the networks are increasingly trashing the security of the online payments powerhouse and other companies that toe the line between partner and rival.

Premier Financial Bancorp Inc. in Huntington, W.Va., is planning to consolidate three of its four subsidiary banks as part of its ongoing effort to build scale, lower its compliance costs and improve its overall efficiency.

Huntington Bancshares hopes Daniel Storer's knowledge of banking, insurance and medicine will help it build a healthcare niche.

Amex plans to release an updated version of its digital wallet Serve that will include all of its prepaid products, as well as incorporate deals and loyalty rewards.

First Security Group, headed by Michael Kramer, has added three executives and a board member as it digs its way out from under a regulatory consent order.

A new report, released Wednesday, examined 382 foreclosures in California between January 2009 and October 2011 and found at least one irregularity in 99% of them.

Discover Financial Services, which is facing a government probe over its marketing of credit card insurance-like products, believes its relatively new practices will appease regulators, a top executive said on Thursday.

Large debt collection and credit reporting firms would face federal supervision for the first time under a Consumer Financial Protection Bureau proposal issued Thursday.

Fed Chairman Ben Bernanke and FDIC Chairman Marty Gruenberg said regulators are seeking to keep community banks vibrant.

Fannie Mae is considering Timothy Mayopoulos, the head of a banking industry trade group and its own general counsel, as possible replacements for departing Chief Executive Michael Williams, according to The Wall Street Journal.