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Fees on overdrawn accounts have become so important to some banks' bottom lines that the industry can't be trusted to police itself.

The Sunshine State has been a hot spot for transactions involving credit unions buying community banks in recent years, and Harvesters Credit Union is furthering this trend with a deal for First National Bank Northwest Florida.

Consumers have numerous choices for which financial services provider they use. An American Banker/Monigle survey of consumers on what drives customer satisfaction ranks the top 50 performers.

The bank plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the U.S. and for a time made the bank the most valuable in the nation.

BMO Financial is expanding its efforts to recruit "underleveraged" job candidates among families fleeing war and hunger abroad. Refugees offer businesses diverse skills and have lower turnover rates than typical North American workers.

The House passed the legislative package, which includes an excise tax on stock buybacks, in a 220-207 vote.

Through unconscious bias assessments, analysis and industry partnerships, financial institutions are working to meet the diverse needs of current and future talent.

The Pittsburgh-based company is no longer assessing NSF fees to customers whose accounts don't have enough money to cover certain transactions. It is the latest bank to revise portions of its overdraft policy amid a raging debate about the fairness of such charges.

A group of Democratic senators led by Elizabeth Warren is redoubling efforts to get Wall Street's main regulator to clamp down on executives' ability to use inside information to make well-timed stock trades. 

Mitsubishi UJF's direct lending move, a fintech capital raise and more in banking news this week

Banks such as FNBO and Ally Financial have taken to the social media channel to appeal to younger customers.

The West Virginia bank said its acquisition of Integrated Financial Holdings in North Carolina would give it SBA and USDA lending teams that have originated more than $1 billion of loans since 2018.

Ukraine is calling on President Biden's administration to sanction all Russian private banks to help end President Vladimir Putin's ability to wage war, according to Kyiv's envoy to Washington.

Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments. 

An alternative metric might have led the Federal Reserve to take earlier action against rising prices.