MasterCard Inc.'s fourth-quarter profit tumbled as the credit card company took a sizable charge tied to pending litigation with U.S. merchants, although increased card spending helped it turn in core earnings ahead of expectations.

LONDON - HSBC Holdings PLC will shutter its fund administration business in the U.S. and shift it to Ireland in one of the global bank's latest moves to control costs and refocus its sprawling business, people familiar with the matter said this week.

PHILADELPHIA – American Heritage FCU will replace Citizens Bank in a local ShopRite store, after the bank decided to close the in-store branch.

SAN ANTONIO – Generations FCU has agreed to open five branches in select H.E. Butt Grocery Co. (H-E-B) stores throughout San Antonio and Bexar County.

A new study analyzing data from 15 years of state bank examinations has sparked a debate whether state regulators are not as tough as their federal counterparts.

With all the twists and backroom turns, government officials’ quest for a settlement and restitution from banks and mortgage servicers is starting to resemble a 1960s screwball comedy.

CitiMortgage, the nation's sixth largest residential wholesaler, Wednesday afternoon informed its loan brokers that it will cease table funding loans next week as it prepares to exit the channel.

Community West Bank in Goleta, Calif., is under orders from its regulator to beef up its capital levels and improve oversight of its loan portfolio.

So who exactly made the move on Bank Transfer Day? Was it young, angry hipsters?

For the first time in 20 years, Broadway Financial Corp. in Los Angeles has a new chief executive officer.

Several banks recaptured deferred tax assets in the fourth quarter, regaining an asset they had to remove from balance sheets as quarterly losses piled up during the financial crisis. Banks that are reclaiming these assets have been able to boost capital levels.

First Data expects its Star PIN-debit network to benefit this year when the last measure of the Durbin amendment takes hold on April 1, requiring financial institutions with more than $10 billion in assets to have at least two processing networks on their debit cards.

Losses at Florida Community Bank narrowed in the fourth quarter after the Miami bank trimmed overhead by cutting 10% of its workforce.

Core banking provider Jack Henry's electronic payments unit is moving like a juggernaut. Its clients are also seeing little effect of the Durbin amendment, which had the potential to curb debit-card use.

The fact of the matter is that banks can manipulate earnings, and consequently capital, through decisions about loss provisioning.

With two of its largest investors pressuring it to find a buyer, First California Financial Group Inc. in Westlake Village has hired an unnamed investment bank to help it explore its options.

The Federal Housing Finance Agency is preparing to back away from a controversial plan to overhaul the servicing fees paid on Fannie Mae and Freddie Mac loans, after intense, across-the-board industry opposition to the idea.

Shares of BOK Financial Corp. Inc. slid Wednesday after the Tulsa, Okla., company reported fourth-quarter earnings that fell well short of analysts' estimates.

With six acquisitions under its belt and a seventh in the works, the Los Angeles company strikes again with a deal for Phoenix business bank.

Jack Henry reported that its fiscal second-quarter net income rose 7%, to $38.5 million, from a year earlier because of increased revenue from support and services.