Despite reporting vastly improved credit quality, Independent Bank Corp. in Ionia, Mich., said Thursday that its losses in the fourth quarter doubled from the same period in 2010, to $9.8 million.

Huntington Bancshares Inc. has agreed to become Ohio State University's official consumer bank.

In what would be its first bank acquisition in seven years, Center Bancorp Inc. in Union, N.J., announced Thursday that it is buying the private-equity backed Saddle River Valley Bank in an all-cash deal.

Facebook generated about $557 million in revenue from its payments business last year, according to its S-1 filing.

Mortgage search tool shut down due to poor performance.

Oft-shunned in the M&A world, unlisted shares can lead to a bigger payoff for sellers and offer other advantages, explains investment banker Curtis Carpenter.

MasterCard does not explicitly require the use of a PIN with chip cards in the U.S., but its sliding scale of liability leaves little other choice.

Ally Financial Inc., the government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters.

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.