Encore Capital Group, and its wholly owned subsidiaries Midland Credit Management, Inc. and Midland Funding, LLC, has obtained a favorable federal court ruling approving the settlement of a national class action lawsuit involving the company's legacy affidavit process, company officials announced.

PNC plans to overhaul technology and inject more fee-generating products once it completes its acquisition, RBC Bank exec Reggie Davis says in an interview.

HSBC is selling a card business for an 8.75% premium. It may be time for Citi to cut its price on a similar portfolio.

Computer Services Inc.'s multi-million dollar cash deal for Heit, a managed services provider, will expand the core banking vendor's geographic reach and allow it to cross-sell to a wider group of community banks.

Capital One was already in the process of buying ING’s U.S. online banking business for $9 billion. Its premium on the HSBC deal would be $2.6 billion.

A pair of North Carolina banks — FNB United and Bank of Granite — surprised industry observers last week, finding investors willing to commit $310 million for an arranged marriage between the struggling companies.

Jason Awad has worn many hats over a long career in Sin City; now he is trying his banking cap once again.

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NBH Holdings Corp. is following up its recent failed bank acquisition in Colorado with a branch deal and name change.

Carpetbaggers they're not, but JPMorgan Chase and PNC are making their presence felt in Atlanta and throughout the Southeast, snapping up branches in states smacked by the financial crisis.

First Citizens BancShares Inc. in Raleigh, N.C., reported a decline in second-quarter earnings after its loan-loss provision jumped.

Capitol Bancorp Ltd. has agreed to sell its interest in Bank of Las Colinas for a second time.

NCO Group Inc., a global provider of business process outsourcing services, announced Monday that Steve Leckerman, executive vice president and chief operating officer, will leave the company by Oct. 31 to pursue other opportunities. Leckerman joined NCO in 1995 and was named COO in 2007.

The board at Cardinal Bankshares Corp. responded Thursday to a series of demands by Douglas Schaller, rejecting the activist shareholder's assertion that the company should sell itself.

Forget the crumb of good news in the jobs report. The economy is getting worse, not better. It's time to waive the white flag and lower your price tag unless you are a strong bank.

BancorpSouth Inc. said late Thursday that it is selling a pair of Texas branches to First National Bank of Hughes Springs in Texas.

VeriFone finished its purchase of the rival terminal maker Hypercom after it reached a settlement with the Justice Department to sell Hypercom's U.S. terminal business to the private-equity firm Gores Group.

Agency unveils new pilot program for smaller investors wanting to bid on loans.

Aided by two acquisitions and sharply lower deposit costs, BankFinancial Corp. in Burr Ridge, Ill., swung to a profit of $1 million in the second quarter from a loss of $288,000 in the same period last year.

Cardinal Bankshares' biggest outside shareholder is hopping mad over an act that normally gives investors comfort: succession planning.