Bank of America Corp. won a $5.2 million judgment against the Irish developer Garrett Kelleher and his Shelbourne Development Group Inc. for defaulting on a loan for the planned 150-floor Chicago Spire condominium tower.

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Neither the questions nor the answers lived up the hype during the 90-minute public conference call hosted by investor Bruce Berkowitz.

Comerica had the lowest cost of deposits in the first quarter among a group of large bank holding companies, and Discover ranked last. Still, cheap funding is not a sufficient condition for profitability.

HSBC is selling a card business for an 8.75% premium. It may be time for Citi to cut its price on a similar portfolio.

Many merchants may still validate their compliance against the Payment Card Industry data security standard even though Visa has promised to waive that requirement for merchants that accept chip cards, the PCI council says.

WASHINGTON — Federal regulators are seeking input on new options for selling foreclosure properties owned by the government sponsored enterprises and the Federal Housing Administration.

S&P's move caused "a big rally in Treasuries and mortgage rates have come down near historic lows," Saiyid Naqvi says. "With that, we're seeing a surge in refinance volume."

Yesterday American Banker, with help from our readers, answered Berkowitz's call for the "toughest questions" for Moynihan. Will he answer yours? Join us over at the @AmerBanker Twitter feed, where we'll be live-Tweeting the call starting at 1 p.m. EST.

Vehicle repossession is a costly, arduous and unpleasant task for financial institutions. But retaking possession of the vehicle is only part of the process.

Capital One was already in the process of buying ING’s U.S. online banking business for $9 billion. Its premium on the HSBC deal would be $2.6 billion.

MADISON, Wis. – As Credit Union Journal has reported, ongoing lawsuits continue to be filed against financial institutions for failing to properly disclose ATM fees.

Bank of America has argued in court filings that it has the legal right to jettison troubled mortgage subsidiary Countrywide. In the real world, it wouldn't be so easy.

Fannie Mae, in a quarterly filing, says it is receiving "higher amounts" from lenders on loan repurchase requests while its pipeline of buyback claims on defaulted mortgages expands.

A pair of North Carolina banks — FNB United and Bank of Granite — surprised industry observers last week, finding investors willing to commit $310 million for an arranged marriage between the struggling companies.

Citigroup on Tuesday afternoon said that it recently hired Mark Danahy to head its residential origination division, which ranks among the top five in the nation.

H&R Block Inc. has agreed to pay $125 million to settle a lawsuit filed by the state of Massachusetts against Option One Mortgage Corp., its former subprime lending unit.

Jason Awad has worn many hats over a long career in Sin City; now he is trying his banking cap once again.

The branch will be mainly a marketing and new account indoctrination center. Smartphones will eliminate most face-to-face transactions, as well as paper checks, currency and cards – not to mention the costs associated with those media.

American Banker offers tough questions for hedge fund manager Bruce Berkowitz to put to the embattled Bank of America CEO on Wednesday. Add your own queries to our list.