Morgan Stanley plans to eliminate 1,600 positions across the company early next year as it joins the chorus of financial firms cutting jobs due to poor business conditions.

Park National Corp. in Newark, Ohio, warned in a regulatory filing Wednesday that its 2011 loan-loss provision will be higher than anticipated after regulators said its Vision Bank unit improperly accounted for guarantor-support loans.

The bank's announcement that it will adopt an easy-to-read disclosure form for checking account fees draws applause from Senate Democrats.

Someday there may no longer be such a thing as an alternative payment.This year, there have been several acquisitions or product changes that take alternatives and combined them with a company or product that handles payments in person.

Big banks shifting position from fast followers to aggressive adopters, according to Forrester research sponsored by Fiserv.

Prosperity Bancshares Inc. in Houston said it will start listing its common stock on the New York Stock Exchange.

Southwest Bancorp Inc. in Stillwater, Okla., has sold off roughly $300 million of problem loans in a move its chief executive said is a major step toward achieving its goal of sustained profitability.

PNC now offers a mobile app that uses "augmented reality" to help customers locate branches and automated teller machines.

Discover Financial Services' fiscal fourth-quarter profit jumped a better-than-expected 47% as the credit-card company reported improved revenue and growth across its loan products.

JPMorgan Chase & Co. has simplified the disclosure forms for its checking accounts, becoming the first large back to adopt model disclosures proposed by the Pew Charitable Trusts.

First Farmers Financial Corp. agreed late Wednesday to acquire First Citizens of Paris Inc.

One day Ed, CEO of the local community bank, was in his office waiting for the start of the most dispirited board meeting in his bank’s 100-plus year history. As he waited, Ed began reminiscing about his first day at the bank, when he began working as an office boy at age twelve.

It was a scene begging to be turned into a Christopher Guest script (remember, "Best in Show" and "A Mighty Wind?"): A film crew sets up last week and prepares for a shoot around the Foley Square area of lower Manhattan.

ALEXANDRIA, Va. – NCUA this afternoon approved the combination of Treasure State Corporate CU in Montana and Kansas Corporate CU, one of seven corporate mergers pending.

Regional banks are finding that profitable growth is nearly impossible in their traditional businesses. Consequently, many are taking the untraditional approach of diversifying in areas dominated by equally beleaguered rivals.

United Community Financial Corp. in Youngstown, Ohio, said Wednesday that it raised about $2 million from selling 1.6 million shares of common stock to an unnamed investor.

The huge amount of foreclosed properties on the books of many community banks is not expected to decrease significantly in 2012. One of the main problems continues to be the difficulty in obtaining accurate appraisals of foreclosed, bank-owned properties.

Capitol Bancorp Ltd. must really want to keep its board staggered.

State Bancorp Inc. in Jericho, N.Y., said Wednesday that it redeemed $36.8 million of preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.

Sturgis Bancorp Inc. in Michigan is suspending dividend payments to shareholders because management believes its strategy for propping up capital ratios by shrinking assets is no longer viable.