Despite questions over his legal authority, the new director of the consumer bureau holds crucial voting power on safety and soundness rules as a member of the FDIC board of directors.

The digital currency Bitcoin was conceived as a rebellion against the financial establishment. But it may also present business opportunities for banks that can get comfortable with the risks.

A nonbank lenders' group has declared it will not pose a legal challenge over contentious question of whether the Consumer Financial Protection Bureau has jurisdiction over its members. What's behind the decision?

Growth in commercial and industrial loans accelerated to a torrid 18% annual rate in the fourth quarter, Fed estimates indicate. Total loan growth fell to a 3.5% rate, however, as a slowdown at big banks was only partially offset by a pickup at small banks.

First Niagara Financial Group CEO John Koelmel discusses his deal to sell 37 branches in New York to KeyCorp, his plans to sell more branches and his argument that its bigger deal with HSBC will pay off.

Shares of the thinly traded First California Financial Group Inc. soared Friday after it was disclosed in a Securities and Exchange Commission filing that the wealthy owners of the Minnesota Twins baseball club have acquired a large stake in the banking company and are pushing for its sale.

New data show that banks that sold large sales to dispose of nonperforming assets have seen stock price gains that surpass other banking companies. The approach still has a fair share of opponents who prefer to work out the assets over time.

Bank of America is a huge and therefore convenient target for journalists to bash. Recently the Los Angeles Times assailed B of A for cutting "some" small business credit lines. (Maybe they cut "some" but increased more of them!)

MetLife Home Loans was profitable and gaining market share. But the risk of having to repurchase soured loans likely fazed prospective buyers.

Costly regulations associated with being a bank holding company appear to have forced another insurance company to give up its bank charter.

A Supreme Court ruling on Tuesday upheld the controversial practice of including mandatory arbitration clauses in credit card contracts.

Lost in the discussion of investment banking and mortgage woes and investor disappointment at JPMorgan Chase were strong lending and deposit numbers. These core results are signs of a strengthening recovery, Jamie Dimon says.

Personal-finance guru Suze Orman is usually the one dishing out the tough love. But the moment she put her name on a reloadable prepaid card, she was the one taking it.

PremierWest Bank in Medford, Ore., said Friday that it will close one-fourth of its branches to lower expenses as it struggles to return to profitability after more than three years of losses.

BankAtlantic Bancorp's deal to sell the bulk of its assets to BB&T Corp. has come under attack from yet another BantAtlantic investor: Wells Fargo.

Fifth Third Bancorp has promoted Mike Collins to area investment manager for the Butler County region of Cincinnati and Western Ohio, its second such move in less than a month.

Dutch financial services company ING Group said Friday that it may have to sell more assets to repay state aid, as it grapples to meet stricter banking rules and protect itself against choppy markets.

JPMorgan Chase & Co.'s fourth-quarter earnings fell 23% as revenue from its investment banking arm declined.

NEW YORK — JPMorgan Chase & Co. shuffled some of its management ranks once again Thursday, naming a new head of its commercial bank and a new chief risk officer, according to a memo from Chief Executive Jamie Dimon.

MANCHESTER, N.H. – St. Mary’s Bank, the nation’s oldest credit union, is shutting down online banking, telephone banking and voicemail service this weekend while it moves to a new operations center.