Battered by losses on soured loans, First Place Financial Corp. in Warren, Ohio, said this week that it is planning to restate its earnings for its past three fiscal years.

Revised lending data released Thursday by the Federal Reserve Board showed a much bigger role for the government-sponsored enterprises than previously estimated.

Some of the biggest players in banking's mortgage-finance assembly line — including JPMorgan Chase & Co., Citigroup Inc. and Credit Suisse Group — are asking a federal judge to dismiss a nearly $2 billion civil fraud lawsuit filed by the trustee of a defunct mortgage lender.

Just as Discover is discontinuing single-use account numbers, MasterCard is making them a central feature of a small-business offering.

Kenya is proving to be a hub of mobile finance innovation in the developing world, even as mobile-payment systems in the U.S. struggle to build an audience.

The Federal Reserve on Thursday announced that it has reached a written agreement with SWNB Bancorp Inc. in Houston.

First Mariner Bancorp in Baltimore said Thursday that it has reached an extended deadline for a proposed recapitalization by a New York fund.

International Bancshares Corp. in Laredo, Texas, announced Thursday that it is closing 55 grocery store branches in response to legislation that will cap what banks can charge merchants for debit card transactions.

Citigroup CEO Vikram Pandit has been named incoming chairman of The Clearing House Supervisory Board for 2012.

In what would be its first deal since creating a fund to invest in undervalued banks last year, bond giant Pacific Investment Management Co. is seeking regulatory approval to buy a roughly 20% stake in ECB Bancorp Inc. in Englehard, N.C.

Signature Bank, known for its aggressive business style, raised its profile further with the addition of a VIP director: Ivanka Trump.

Discover Financial Services more than doubled its third-quarter net income to $649 million, as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

CORINTH, N.Y. – Hudson River Community CU, the credit union for International Paper Co., on Wednesday broke ground on a new operations center on the grounds of its corporate sponsor.

Traditionally demand deposit account origination has followed a fairly standard process. Enter the application, check OFAC and "closed-for-cause" databases, open the account. Lather, rinse, repeat. However, with banks looking to shore up deposit account profitability in the wake of the Durbin Amendment by cutting costs and reducing fraud losses, the standard origination process just won’t do it anymore.

Sales of previously owned U.S. homes rose more than anticipated in August as investors scooped up distressed properties with cash.

The mortgage industry has seen this picture before: applications are flooding in at a pace not seen in several quarters, which means they need to staff up, but by how much?

Banks, credit card networks and technology companies like Google could be wasting money on developing mobile wallets and other smartphone payment systems. A Lightspeed Research survey found that the ability to make mobile payments is "very unimportant" to about half of credit card customers with smartphones.

Months after a Fed report on executive compensation at banks was expected to be released, Rep. Lloyd Doggett seeks answers.

The era of extraordinary government support for U.S. mega banks in crisis is ending, Moody's says. Welcome to the era of just ordinary government support.

Great Southern Bancorp Inc. in Springfield, Mo., said Wednesday that had repurchases a series of warrants held by the Treasury Department as part of the Troubled Asset Relief Program.