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.

Visa may be preparing to debut its ties to Google's mobile wallet in London at the 2012 Summer Olympic Games, sources say.

Online payment company hopes to avoid the mobile coupon mistakes of daily-deal leaders Groupon and Living Social.

Ally Financial Inc. and Bank of America Corp. were sued by DZ Bank AG over the sale of $289.8 million of residential mortgage-backed securities.

California Bank and Trust in San Diego said Wednesday that customers are now able to open additional deposit accounts and apply for credit cards and certain consumer loans online through its DirectNET Consumer Online Banking.

The head of the Consumer Financial Protection Bureau talks about the challenges of building a new agency, quelling fear of the bureau among the industry, working with other regulators, and preparing for 2012.

The community banking sector is starving for capital, and yet debate is dominated by complaints about regulatory burden. Instead, banks need to push regulators to let private equity investors assist small institutions.

Visa Inc.'s chairman and chief executive Joseph Saunders received $11.8 million in compensation for fiscal 2011 as the payments processor grew revenue and transaction volume in the face of new debit-card regulations.

The former special inspector general for the Troubled Asset Relief Program hammered the Obama Administration and Treasury Department Tuesday night at a panel discussion on the foreclosure crisis, saying fears of a political backlash led to the administration's tepid response to the housing crisis.