Bankers are up in arms over the fact that a Congressional oversight has raised doubts about whether documents submitted to the Consumer Financial Protection Bureau will retain attorney-client privilege.

Old Second Bank remained well-capitalized at year-end, but the company's stubborn portfolio of nonperforming assets continues to present a challenge to capital levels.

PHH Corp. reported a profit of $13 million in the fourth quarter, but posted a loss of $127 million for the full year.

The Federal Reserve Board has ordered bank holding companies in Iowa, Wisconsin and South Carolina to use whatever resources are available to them to nurse their ailing bank subsidiaries back to health.

Year after year, Apple fans have expected the company to make a splash with an iPhone-based mobile payment system. And year after year, Apple has let them down — but a lot has been going on under the surface.

Nonbank mortgage lenders are required to establish anti-money laundering programs and file suspicious activity reports under a final rule issued Tuesday by the Financial Crimes Enforcement Network.

Sterling Savings Bank in Spokane, Wash., is dropping the "Savings" from its name to reflect its transition from a traditional thrift to commercial-oriented bank.

A now-shut unit of Lender Processing Services, DocX, and its founder Lorraine Brown have been indicted by a grand jury in Boone County, Mo., for alleged forgery of mortgage documents used to evict distressed borrowers from their homes.

Improved credit quality and lower expenses helped offset declines in fees at Eastern Virginia Bankshares as the Tappahannock company returned to the black in 2011.

Although insurance conglomerate MetLife failed to unload its residential lending division, it has found a buyer for its warehouse business, according to industry officials close to the matter.

A small Minnesota bank is in hot water with its regulators after suffering steep losses on loans to some high-profile business executives.

Suffolk Bancorp in Riverhead, N.Y., has filled its vacant chief financial officer position by hiring from a former competitor.

DocX, a now-shut unit of Lender Processing Services, was charged in Missouri with forgery and making a false declaration related to mortgage documents it processed.

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Bank of Hawaii Corp. in Honolulu will close three traditional branches and open three others located within supermarkets this year.

Union First Market Bankshares Corp. in Richmond, Va., has agreed to repurchase more than 335,000 shares of its common stock that a director used to secure a loan.

The Federal Reserve Board could vote as early as Wednesday on Capital One's application to buy the online banking unit of ING Group.

After a yearlong effort to reach a multistate settlement with the top five mortgage servicers, state attorneys general and the firms involved finally appear to be close to a deal. But even before it is signed, there are already questions about how it will be implemented and future litigation risks.

Northway Financial Corp. in North Conway, N.H., said Monday that its fourth-quarter earnings fell 95% from the same period in 2010, to $67,000, after it set aside more money for potential losses and absorbed costs related to prepayment of its Federal Home Loan Bank advances.

JPMorgan Chase has tentatively agreed to pay $110 million over allegations that it charged customers excessive overdraft fees. Editors discuss the deal's importance to the other banks trying to settle overdraft claims.