The Spanish bank will raise $1 billion and plow some of the money back into its fast-growing Santander Consumer arm.

The following is a copy of an internal memo from Bank of America chief operating officer David Darnell obtained by American Banker.

Under an order from regulators to raise fresh capital, Central Federal Corp. in Fairlawn, Ohio, said in a Securities and Exchange Commission filing Friday that its shareholders have approved a plan to more than quadruple its number of outstanding shares.

Lending is nothing to joke about these days, as a SunTrust Banks Inc. executive learned at the Risk Management Association's annual conference Monday.

Genome projects map the relationship between human DNA and musical preferences, so why not that of people and their cards? Many companies are mapping the so-called payments genome to make more accurate predictive marketing decisions and improve fraud detection.

SVB Financial Group's stock was up sharply Friday after the company reported third-quarter earnings that handily beat analysts' estimates.

Despite a rough economic forecast, panelists at a recent Risk Management Association conference believe they have found areas poised to thrive.

MB Financial Inc. in Chicago managed to produce a third-quarter profit after its credit costs fell dramatically, though shrinking revenue disappointed analysts.

But the Green Bay, Wisc., bank is finding new loans and employees thanks to the sale of rival M&I, Flynn says.

The Atlanta bank's major cost-cutting program has yet to tame expenses. CEO William Rogers urged patience.

Prosperity Bancshares Inc. in Houston reported on Friday third-quarter income of $36.4 million, up about 13% from the same period a year earlier, due to strong loan growth and a decline in problem assets.

Third-party processors like Total System Services Inc. and First Data Corp., who help run credit card systems for banks, are anticipating new business from the renewed activity in the credit card M&A market.

Jack Barnes, the president and chief executive at People's United Bank in Bridgeport, Conn., said Thursday that $28 billion-asset has submitted an application to the OCC to switch from a federally chartered thrift to a national bank as part of a broader plan to bulk up in commercial lending.

As Occupy Wall Street gains national attention bashing bankers, it's giving a free ride to the 'Other 99%' who enjoy the perks of a nation living beyond its means.

Heitkamp to chair vocal Texas bank group, following in his father's footsteps.

Glacier Bancorp Inc. in Kalispell, Mont., said late Thursday that it intends to take a goodwill impairment charge of between $30 million and $35 million in the third quarter to reflect the recent decline in its market value.

SunTrust Banks Inc.'s third-quarter earnings rose 41%, as the regional bank increased its loans portfolio and shrank the amount it set aside to cover weaker loans.

Federal Reserve officials are considering a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly in this direction.