Most of the costs were either previously reserved for or will be incurred over several years. Among the five banks that settled (Wells Fargo, Bank of America, JPMorgan Chase, Allied Financial and Citigroup), only Citi had to take a charge.

Even two years ago, when the first U.S. financial institution committed to issuing secure chip cards, vendors said no one was lined up to follow. But times have quickly changed.

The government-owned Ally Financial has issued an offering book on Residential Capital Corp. in the hope that it can finally unload its money-losing mortgage division and take the rest of the company public, according to investment bankers familiar with the matter.

Add Minnesota Bank & Trust in Edina to the growing list of community banks bulking up in mortgage lending in hopes of capturing market share from larger banks.

Three months after a new rule capped debit card swipe fees, Visa Inc. is weathering a slowdown in its U.S. debit business, though it has so far avoided the doomsday scenarios once predicted.

Oklahoma Attorney General Scott Pruitt says his 49 counterparts exceeded their authority by pushing for principal reductions. So he’s entered into a separate settlement in which banks would pay $18.6 million.

The London bank's U.S. operation this week celebrated the start of the "exciting, unpredictable" lunar Year of the Dragon.

In a sign of growing optimism about the economy, community banks, credit unions and other lenders approved more small-business loan applications in January than in any other month during the past year, according to an analysis by Biz2credit.

The $25 billion 'robo-signing' settlement with five major servicing banks announced Thursday morning could yield nearly $35 billion in principal reductions, according to Housing and Urban Development secretary Shaun Donovan.

WASHINGTON — President Barack Obama praised the "landmark" $25 billion settlement between federal and state authorities and the top five mortgage servicers, saying it would "begin to turn the page on an era of recklessness that has left so much damage in its wake."

Banks have been successful at beating back legal challenges to credit card payment protection plans. The Consumer Financial Protection Bureau could change that.

Total System Services says Tinkoff. Credit Systems Bank, of Moscow, has upgraded to the latest version of the TSYS' card and merchant management product, called Prime 4.

State and federal authorities held a press conference to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.

First Financial Service has agreed to sell four of its branches in Indiana as the Elizabethtown, Ky., company works to increase its capital ratios to meet a consent order.

ECB Bancorp Inc.'s plan to raise $80 million from private-equity groups and institutional investors has been put hold because regulators have yet to approve the pact.

Freddie Mac's CEO responds to the NPR-ProPublica report that his company "bet against" homeowners.

After months of wrangling, California and New York's attorneys general have joined a settlement with the top five mortgage servicers. Final details of the plan are scheduled to be released this morning.

COLONIE, N.Y. – Capital Communications FCU’s plans to construct a four-story office building on the site of a former auto dealership got concept approval from the Colonie planning board Tuesday night.

AUSTIN, Texas – University FCU has purchased a 246,000-square-foot office building on MoPac Boulevard, where it plans to relocate its headquarters.

The gap between healthy banks and those that remain in the doldrums will fuel acquisition activity in the coming years, a Virginia investment management firm predicts.