Regions Financial Corp. swung to a third-quarter profit, helped by sharply reduced credit costs for risky loans, though the lender's top line weakened from a year earlier.

CIT Group Inc. swung to a third-quarter loss as the corporate lender continued to face steep costs related to its prepayment of high-cost debt.

1st United of Boca Raton struck two deals in three days that would move it into central Florida and give it 26 branches in the state.

Morgan Stanley has agreed to sell Saxon Mortgage Services Inc. to Ocwen Financial Corp. in the latest example of Wall Street's retreat from the beleaguered mortgage servicing business.

Bankers spoke openly about their frustration with new regulations during the ABA's annual conference, with one likening it to being repeatedly punched in the head.

Reforms to Harp will remove several barriers that kept underwater homeowners from refinancing their mortgages, but analysts disagree on what kind of effect that will have on the housing market and the economy.

Rep. Scott Garrett, a New Jersey Republican who chairs the House subcommittee with jurisdiction over Fannie Mae and Freddie Mac, plans to unveil a comprehensive bill to reform the secondary mortgage market on Thursday.

Second-guessers are "short-term" thinkers who underestimate the long-term value of the customer relationships the deposits bring, CEO John Stumpf says.

Piedmont Community Bank Holdings Inc. in Raleigh, N.C., said Monday that it received regulatory approval to buy a majority stake in Crescent Financial Corp. for $75 million.

Enterprise Bancorp Inc. in Lowell, Mass., posted third-quarter earnings of $2.9 million, up almost 8% year over year, due to strong loan growth.

FNB United Corp. has completed its acquisition of Bank of Granite Corp., part of the unprecedented merger of two ailing banks in North Carolina.

Fred Joseph, Colorado's banking commissioner, said Community Banks of Colorado should have been able to sell its branches in a bid for more time to resolve its problems. But the FDIC and the Fed overruled him — and then failed the bank.

Wal-Mart Stores has joined the list of national retailers that sell Square's device that turns smartphones into mobile card readers.

Weemba, a new online provider that connects borrowers with lenders, reported Monday that loan listings relating to health-care expenses made up more than half of its requests so far.

WASHINGTON - The credit union industry has been lobbying the powerful congressional committee charged with reducing the deficit, seeking to ensure that credit unions preserve their tax-exempt status.

Bank of America's latest management shake-up is all about increasing "customer share," says home loan sales exec Matthew Vernon. It wants to capture more of the 86% of B of A clients who go elsewhere for mortgages. Sound familiar?

Lenders loosened terms on commercial mortgages originated to be packaged into bonds during the third quarter as sales of the securities surged, according to Moody's Investors Service.

Bank of Hawaii Corp. in Honolulu posted third-quarter earnings of 92 cents a share, nine cents more than the average expectation of analysts.

Anchor Bancorp's losses widened in the third quarter, though the Lacey, Wash.-based company shrunk its nonperforming assets.

Metro Bancorp Inc. in Harrisburg, Pa., posted a third-quarter loss of $5.7 million due to increases in the loan loss provision and chargeoffs.