HSBC Holdings PLC said Friday that Niall Booker is leaving his position as chief executive officer of the bank's North American operations, with two senior executives set to take overall responsibility for the U.S. and Canada.

Virgin Money, the banking division of Richard Branson's Virgin Group, Friday said it has appointed David Clementi as its new chairman to succeed the late Brian Pitman.

Barclays Capital will sell $1 billion in credit card asset-backed securities on Friday in the biggest such dollar-denominated deal from its Gracechurch bond issuing program since 2005, according to a person close the deal.

Reliant Bank in Brentwood, Tenn., is looking to raise up to $12 million to satisfy an agreement with regulators and to promote growth.

Capital rules, management challenges and other impediments will make it hard for large banks to grow over the next few decades.

Frustrated by a dearth of deals, a growing number of community banks are repurchasing their own shares and keeping them on hand for future opportunities.

Alliance Data Systems Corp. will take over the private-label credit card program for Pier 1 Imports Inc., the retailer said Thursday.

Capital rules, too big to fail, the European crisis and other wild cards are holding back deals, Jonathan Pruzan says. But a burst of mergers among midsize banks is possible.

A private-equity backed North Carolina holding company is acquiring the remaining shares of VantageSouth Bank that it does not already own and merging the bank with its other subsidiary.

Sterne Agee Group Inc. in Birmingham, Ala., said Wednesday that it will buy Anderson & Strudwick Inc. in Richmond, Va.

With M&A and the economy at a standstill, bank executives will have a hard time explaining how they can grow when they report third-quarter results.

Patriot Financial has money to invest, but before community bank executives pick up the phone to request a meeting they should know what the private-equity firm wants and doesn't want.

Two major tech players have pushed further into the data security space with acquisitions announced on Tuesday.

Royal Bank of Scotland Group PLC and Blackstone Group remain in talks over the sale of a portfolio of the bank's U.K. commercial real estate loans even as funding for the deal proves more difficult than anticipated, people familiar with the situation said Wednesday.

According to new market share data released by the Federal Deposit Insurance Corp. Tuesday, banks and thrifts with $10 billion or more of assets controlled 72% of the nation's bank deposits at June 30, up from 70% at the same time last year and 68.5% in 2008.

Select Bank & Trust Co. in Greenville, N.C., said Tuesday it will acquire Gibsonville Community Bank from Bank of Atlanta.

Banks have had a hard time gaining much more business from "mass affluent" customers, who generally have between $50,000 and $1 million in investable assets. But now Bank of America Corp. and others are hoping to succeed where their rivals have stumbled.

Word that a banking pool had returned its money to investors prompted our assistant managing editor to take a second look at the state of banking. The answers are discomforting.

State Street Corp. said Tuesday that it had acquired Complementa Investment-Controlling AG, an analytics firm based in St. Gallen, Switzerland.

First Financial Holdings Inc. in Charleston, S.C., said Monday that it has completed its sale of its managing general insurance agency subsidiary to Burns & Wilcox Ltd. of Farmington Hills, Mich.