Banco Santander SA Chairman Emilio Botin on Friday declared a moratorium on big acquisitions.

Japan's Financial Services Agency is nearing completion of an investigation into the local arm of U.S. financial giant Citigroup Inc. on suspicion of lax compliance, with questions remaining over anti-money laundering controls, and will likely issue sanctions as early as next month, people familiar with the matter said Friday.

PORTLAND, Ore. – cPort CU has purchased the site of an original Arby's restaurant on Forest Avenue and will renovate it into a branch.

Nine major servicers regulated by the Office of the Comptroller of the Currency completed 180,000 foreclosure actions in the second quarter, but these firms are still managing roughly 1.3 million borrowers who are going through the foreclosure process.

It appears that rock bottom mortgage rates have yet to cure the housing industry's woes.

The Consumer Financial Protection Bureau is applauding the Treasury Department for guidance it issued Thursday that would help members of the military avoid foreclosure.

Summit Financial Group Inc. in Moorefield, W. Va., said Thursday that it would extend the subscription period for its current stock offering, marking the second time it has pushed back the deadline.

The Durbin Amendment on debit interchange has been cited as reason for banks to shutter branches. Still, some observers believe it is one of many factors, if not the scapegoat, for closures that were necessary regardless of regulatory change.

Is Bank of America charging for debit cards because it is shortsighted or because it is too bloated to compete against smaller institutions for consumer accounts?

NEW YORK — The Federal Deposit Insurance Corp. plans to issue an enforcement action against Discover Financial Services over the credit-card lender's marketing of fee-based products, the company said in a regulatory filing Wednesday after market close.

JPMorgan Chase & Co. has hired former Sears Financial Services executive Susan Ehrlich as its senior vice president of next generation payments.

At the bailout law's three-year anniversary, the Small Business Lending Fund has offered some banks a way out. But with that escape hatch now closed, roughly 400 small banks remain stuck in the program.

The biggest outside investor in Cardinal Bankshares has ramped up his fight against the company, creating a website and calling on shareholders to force management to sell.

A man in the Midwest was accused of attacking an ATM so fiercely that the machine was dislodged from its base and knocked to the ground.

Bank of America Corp., the largest bank by assets, plans to start charging its checking customers $5 per month, or $60 annually, if they use their debit cards to make purchases. The fees will go into effect early next year.

First Tennessee Bank is offering customers the ability to make deposits by taking pictures of their checks with their iPhones.

WSFS Financial Corp. in Wilmington, Del., said Thursday that it has created a loan program in which it will offer discounted rates to small businesses that use the funds to create jobs.

Whereas most financial companies use Facebook and Twitter solely for branding and customer service, some have taken the next step and designed financial products that are meant to be interacted with primarily through social networks and online games.

The overall level of current and performing mortgage loans fell slightly in the second quarter as early stage delinquencies ticked up, according to the latest mortgage metrics report.

Irene Dorner, president and chief executive of HSBC's U.S. bank, is looking beyond the sales of her credit cards business and 195 upstate New York branches and planning to expand HSBC's operations in California and the West Coast.