Doug Duncan, Fannie Mae's chief economist, is warning that the United States has a 40% chance of slipping into a double-dip recession in 2012.

BIRMINGHAM, Ala. — The National Credit Union Administration announced this morning it liquidated Birmingham Financial FCU, a $1.3 million community development credit union it has run under conservatorship since October and assigned the remnants of the year's 15th credit union failure to $113 million eCO Credit Union of Birmingham.

VeriFone Systems Inc. is ready to go live with its first content partner for a system that allows video to be played on gas-station payment terminal screens: NBCUniversal Inc.

The industry is supporting higher fees at Fannie and Freddie as a way to make private rivals more competitive.

CFS Bancorp's chief executive and chairman, Thomas F. Prisby, will retire after almost 30 years with the company, and his responsibilities are being split between two replacements.

Analysts believe that private equity has become more skittish about quick returns from banking.

JPMorgan Chase said it is planning to install roughly 800 automated teller machines at ampm convenience stores/gas stations in California and four other western states.

Aiming to boost its sagging stock price, Hanmi Financial Corp. has completed a one-for-eight reverse stock split that will reduce its number of shares outstanding by 87%, to 31.5 million.

Online marketer edo Interactive has hired payments industry veteran Steven J. Kietz, a former executive at Citigroup and JPMorgan Chase, as head of its financial services team.

WASHINGTON — Bank regulators announced Monday higher thresholds for reporting requirements under the Community Reinvestment Act, after adjusting for inflation.

BERKELEY, Calif.-Cooperative Center Federal Credit Union is reaping big benefits from its installation of a 29.7 kilowatt DC photovoltaic solar system earlier this year.

DALLAS – Credit unions were hit last week with a new group of suits by one consumer claiming they violated the public disclosure provisions of the Electronic Funds Transfer Act by failing to post non-member fees being charged at their ATMs as required by the EFTA.

In what is probably the last night for bank collapses in 2011, regulators closed banks in Florida and Arizona, bringing the year's failure tally to 92.

The Federal Reserve Board on Friday approved the sale of EuroBank in Coral Gables, Fla., to a pair of Brazilian buyers.

The CFPB's Office of Servicemember Affairs is reaching out to the banking and mortgage industries, as well as to members of the military and their families, to help raise awareness about financial challenges — from foreclosures to payday loans — and products that work for them.

West Coast Bancorp Inc. in Lake Oswego, Ore., has added a director to its board with ties to a investment firm that participated in the company's 2009 private placement.

Banks won't be happy that a company not subject to federal supervision is filling a void that they, as regulated institutions, were forced to leave.

About a third of the institutions with the 25 highest ratios of foreclosed properties to tangible equity at Sept. 30 have since failed. Simultaneous craters in capital and jumps in repossessed real estate were typical, as were high levels of soured construction and development loans.

Consolidation in the market has prompted Bridge to seek capital fast to fight back, the CEO says.

Oil extraction in western North Dakota has created a big economic spike in the region, but the area's community banks are also struggling to keep up with the growth.