Premier Financial Corp. in Huntington, W.Va., has received permission from the Federal Reserve Board to once again start paying down its debt to the U.S. Treasury Department.

Debit issuers scrambling to ensure they have appropriate fraud protections may find their efforts cost them more than the one-cent perk the Fed offers under its new interchange fee rules.

To help distribute its Serve digital payment and wallet service, American Express Co. on Aug. 1 announced a deal in which Verizon Wireless will integrate the platform into many of its mobile phones and tablets.

An aggressive push by the Justice Department to investigate fair lending claims is prompting a backlash from bankers who claim the government is abusing its authority.

The proposed Qualified Residential Mortgage rules have a better chance at harming the housing market than they have at addressing underlying weaknesses in the securitization process. They are an overreaction to the excessive risk-taking during the housing boom.

The roster of big banks using Fiserv's online personal payments system is growing with the addition of BBVA Compass. The bank is using ZashPay to support its own service, Simple Personal Payments.

Buffalo bank's deal for 195 HSBC branches will require raising capital, divesting and integrating technology. Execs insist it’s all manageable.

An activist investor at Cardinal Bankshares Corp. in Floyd, Va., is protesting the company's latest executive hire.

Coming off the best quarter in its 101-year history, German American Bancorp in Jasper, Ind., appears to be readying itself for expansion.

A federal court has halted an online operation that allegedly debited consumers’ bank accounts without their consent when consumers visited the defendants’ Web sites seeking payday loans.

OmniAmerican Bancorp Inc. in Fort Worth, Tex., said Monday that its net income for the second quarter more than doubled from a year earlier, to $1.2 million, due largely to lower deposit costs and 20% increase in interest-earning assets.

PNC Chief Rohr has "no interest" in Regions or SunTrust after RBC deal, Stifel Nicolaus analyst says.

The Federal Deposit Insurance Corp. has ordered three community banks hobbled by losses on real estate loans to raise fresh capital or merge with other banks.

Discover Financial Services' strategy to diversify beyond credit cards suffered a setback as the lender's deal to buy $1.1 billion in banking deposits from Allstate Corp. has fallen through.

The paper quotes First Niagara CEO John Koelmel as saying it will eventually have to do a capital raise to support the larger balance sheet. Antitrust issues may also arise, FT says.

HSBC, which has been scaling back its U.S. operations, struck a deal to sell 195 retail banking branches to First Niagara Financial for $1 billion in cash, the companies said Sunday.

REDWOOD CITY, Calif. – San Mateo CU last week said it will open a new branch in low income East Palo Alto this fall in the space formerly occupied by California Bank & Trust.

Wall Street banks including Morgan Stanley and Deutsche Bank AG slammed Standard & Poor's decision to suspend ratings on commercial mortgage bonds after finding a flaw in the review process.

Battered by loan troubles, Princeton National Bancorp Inc. Illinois announced after markets closed Friday that it lost $2.9 million, or 88 cents per share, in the quarter that ended June 30.

Fannie Mae on Friday suspended Republic Mortgage Insurance Co. as an approved MI to the GSE and took the added step of suspending a subsidiary that RMIC planned to write all new business through come September 1.