Activist investor Nelson Peltz's fund has turned its sights to State Street Corp., publicly calling for the trust bank to become more profitable and consider a spinoff or sale of its investment management division.

Sales of asset management firms slowed in the most recent quarter, but Sandler O'Neill says there are a lot of reasons to think brisk activity will resume.

Washington Federal Inc. in Seattle said Monday that it had completed its purchase of six Charter Bank branches and $254 million in deposits in New Mexico.

Citigroup Inc.'s revenue fell in the third quarter, and the bank is struggling to make money from its U.S. operations as investment banking slumps.

People's United Financial Inc. in Bridgeport, Conn., has hired a former Sovereign Bank executive to lead the expansion of its asset-based lending business.

Consultant and former California regulator Walter Mix quantifies the damage from Dodd-Frank and explains why 2,700 banks could disappear over the next three to five years.

State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.

State regulators closed three banks along the East Coast late Friday afternoon: Blue Ridge Savings Bank in Asheville, N.C.; Piedmont Community Bank in Gray, Ga.; and First State Bank in Cranford, N.J.

Sellers of leveraged bank loans want to draw institutional investors into an arena in danger of losing its traditional buyers.

BancFirst Corp. in Oklahoma City reported a third-quarter profit of $12.6 million, up 6.7% from the same period in 2010. Earnings per share rose 8%, to 81 cents, beating consensus analysts' estimates by nine cents.

The board of Cardinal Bankshares in Floyd, Va., issued a letter defending the company and management after an activist investor threatens to defy the establishment.

Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with 7-Eleven Inc.

First ULB Corp., the Oakland, Calif., parent company for United Labor Bank, has filed to hold an initial public offering.

The Federal Reserve on Thursday announced a prompt corrective action against Anchor Commercial Bank in Juno Beach, Fla., after the bank failed to provide the Fed with an acceptable capital restoration plan.

TCF Financial said Thursday that it is acquiring Gateway One Lending & Finance, an Anaheim, Calif., company that uses its relationships with more than 3,100 dealers to make car loans to consumers in 30 states.

First Midwest Bancorp Inc. said Thursday it will acquire about $185 million of deposits and a branch in suburban Chicago from Old National Bancorp.

So 10 lawyers and an investment banker got together in a room at AmericanWest … No, it's not a joke. They helped revitalize a troubled bank and now have an award from the Turnaround Management Association to prove it.

Wells Fargo & Co. has bolstered its mergers and acquisitions group with the hiring of two new managing directors.

TowneBank in Suffolk, Va., is buying a Raleigh, N.C., insurance agency and merging it into its insurance subsidiary.

Dimon calls market volatility a fact of life, discusses cost-cutting efforts, says no major layoff is planned and supports protestors outside his home in conference call Thursday.