Faulty mortgages and foreclosure abuses have cost the nation's five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industrywide total to twice that amount.

Many successful banks prefer to sell primarily through branches. This includes some large ones, such as Wells Fargo, plus a great many community banks.

Happy Bancshares Inc. in Canyon, Texas, has agreed to acquire Signature Bancshares Inc. in Dallas.

"We should not be penalized because we were not on the favored list of institutions that were deemed 'too-big-to-fail,' " Mike Perry says in a public campaign rarely seen from an executive of a failed bank.

S1 confirmed Friday that its planned merger with Fundtech has been terminated. But S1's board still does not want the company to be bought by ACI Worldwide, which has made repeated hostile bids for S1 in recent weeks.

Fiserv will begin personalizing chip payment cards based on the EMV standard. These cards feature a micro-processing chip that stores cardholder data more securely than magnetic stripes do.

A pair of banks formed just before the 2008 financial crisis are the latest to merge as other opportunities to deploy capital remain elusive.

Citigroup Inc. is raising the fees it charges customers for its basic checking accounts to $10 per month, and it will no longer give them rewards for using its debit cards, in the wake of new regulations capping debit interchange fees.

First M&F Corp. in Kosciusko, Miss., is looking to shed six branches, or roughly 14% of its offices.

ALEXANDRIA, Va. – Belvoir FCU, one of the defense credit unions expected to benefit from the Department of Defense’s Base Realignment and Closure procedure, has opened a branch in the DoD’s new BRAC Mark Center Building, which is on Fort Belvoir.

U.S. regulators are examining whether the nation's home lenders have accurately valued $845 billion of home equity and other second-lien mortgages, according to seven people with direct knowledge of the matter.

Encouraged by H&R Block Inc.'s decision to stop offering controversial loans linked to tax refunds, consumer groups have urged other tax preparation companies to "just say no" to offering the high-cost, short-term loans.

The residential mortgage market has been plagued by uncertainty as the industry waits for guidance on risk retention, new disclosure requirements, and some kind of resolution of Fannie Mae and Freddie Mac.

Superior Bank in Tampa has added another former Regions Bank executive to its management team, naming Sean Johnson as its head of retail banking.

If a merchant plans to use advanced data encryption as a credit card data security measure, the Payment Card Industry Security Standards Council now has some guidelines for how best to go about it.

JPMorgan Chase & Co.'s EMC Mortgage unit was sued by Wells Fargo & Co., the trustee for a mortgage portfolio, for refusing to buy back more than 800 defective home loans.

Wintrust Financial Corp. won the bidding for the failed First Chicago Bank & Trust but it is still fighting for the right to use the First Chicago name.

The heads of major retail banks say the strength of their liquidity, capital, loan books and deposits more than outweigh the risks for investors.

A Fannie Mae announcement late Wednesday heaping praise on the highest-rated mortgage servicers was notable for its glaring omissions: Bank of America Corp., JPMorgan Chase & Co., and five other large banks did not make the list.

Bank of America Corp., the lender that's divesting assets to raise capital, agreed to sell 80.8 million shares of HCA Holdings Inc. back to the health-care company for $1.5 billion. HCA's stock jumped 10 percent.