Bank of America has sold collection agencies rights to sue over credit card debts that it has privately noted were potentially inaccurate or already repaid.

More than 20 banks in the state are still in the Treasury Department's program with limited options to get out. Selling could be the best solution, industry observers say.

Investment banker Jeff Weiss is resigning as Barclays Capital's (BCS) head of global financial institutions to pursue "entrepreneurial opportunities," according to an internal company memo.

Core Innovation Capital, an arm of a nonprofit aimed at helping the unbanked, will devote the $45 million it raised to investments in startup financial services companies. It already has put money into SavvyMoney and Plastyc.

The profile of a typical bank failure has taken on a new shape in 2012, with the combustion of construction loan portfolios giving way business loan blowups.

Regional banks will have a hard time growing revenue and meeting the demands of Dodd-Frank, but they have some distinct advantages over other banks, too, panelists on a recent American Banker roundtable said.

Bankers should take these red flags into account when assessing corporate credit and vendor risk. No. 1 on the list: when a company's chairman and CEO are the same individual.

StellarOne (STEL) in Charlottesville, Va., has started searching for a new president and chief executive after O.R. Barham Jr. notified its board that he would retire at the end of 2013.

Toronto-Dominion Bank (TD) plans to open 50 new branches in New York City alone within four years, as the Canadian bank bets heavily on the U.S. to grow future earnings amid tight competition in its home market, its top executive said Thursday.

Barclays PLC has climbed to the top of the asset-backed securities market, thanks to an aggressive rebuilding effort and a surge in investor interest in bonds secured by automobile loans and unusual assets such as revenue from pizza franchises.

Gerard Cassidy, of RBC Capital Markets, on why PNC's acquisition of National City is hard to beat in the annals of bank M&A.

Participants in a recent American Banker roundtable say whether they would they pick a a community bank, a regional bank or a megabank if given a choice — and explain why.

Green Bancorp in Houston is bulking up in the Dallas area with a deal to buy Opportunity Bancshares in Richardson, Texas.

WORCESTER, Mass. – Webster FCU, fresh off two Boston-area mergers, announced this morning a deal for Filene FCU, one of the oldest credit unions in Boston that served employees of the famous retail chain once run by credit union pioneer Edward Filene.

Tompkins Financial in Ithaca, N.Y., is planning to raise $30 million in a secondary stock offering and may use the proceeds to redeem securities issued to VIST Financial through the Treasury Department's Troubled Asset Relief Program.

James J. Dunne III of investment bank Sandler O'Neill recovers briefcase containing $5,000 that he left in a taxi, invites cabdriver to his home for being "honest guy."

AmericanWest Bank in Spokane, Wash., is deepening its presence in California with plans to acquire Security Business Bank of San Diego.

CenterState Banks (CSFL) in Davenport, Fla.., is looking to slim down after spending much of the last three years bulking up through acquisitions.

HSBC's residential lending and servicing business continues to be under what the bank calls a "strategic review," leaving its mortgage workers in limbo.

Capital Bank Financial, a Miami company formed two years ago to buy distressed banks in the Southeast, has struck a deal to acquire Southern Community Financial (SCMF) in Winston-Salem, N.C., for $48.4 million.