Comerica (CMA) beat fourth-quarter profit estimates, as its fee revenue increased and expenses from its 2011 acquisition of Sterling Bancshares diminished.

Higher mortgage revenue and lower credit losses powered M&T Bank Corp. in the fourth quarter.

Hilco Trading LLC on Tuesday announced the formation of Hilco Receivables LLC.

Jamie Dimon got a 53.5% pay cut for 2012 after presiding over the London Whale's losses, but he will still bring home a $1.5 million salary and a $10 million deferred bonus.

United Community Financial in Youngstown, Ohio, has begun a $42 million capital raise.

Alvin Kang, CEO of BBCN, is said to have resigned after a disagreement with his board. His departure could clear the way for a deal for Hanmi Financial and raises the prospect of industrywide succession fights as banks consolidate.

Smaller institutions are following the lead of bigger banks, which is presenting buying opportunities for CEOs like Bristol County Savings Bank's Pat Murray.

Minnesota Attorney General Lori Swanson is backing legislation that would force all debt buyers to prove in court that they use reliable information when going after debtors.

An expansion to the south boosted profits at Washington Federal in Seattle in the fourth quarter.

The unexpected departure of the CEO of the nation's biggest Korean-American bank moves comes just days after rival Hanmi Financial announced plans to sell itself.

Fiserv, the third-largest provider of financial services technology on the FinTech 100 ranking, Monday announced it has acquired Open Solutions, a smaller provider of core banking software.

Core banking provider Fiserv will gain 800 bank clients and a real-time platform with its purchase of rival Open Solutions.

The third-largest fintech provider, Fiserv, will gain a real-time core banking platform and a boatload of debt with its purchase of Open Solutions.

Virginia Commerce and Hanmi Financial are mulling sales after turnarounds, decisions that surprise some but could make sense for the select group of banks with just the right balance of size, appeal and reason to sell.

Virginia Commerce Bancorp in Arlington is considering selling itself. The $3 billion-asset company said Monday its board would review various alternatives to increase shareholder value, including a possible sale.

JPMorgan Chase's (JPM) board is expected to dock the bonuses of chief executive Dimon and former chief financial officer Douglas Braunstein, as a consequence of the company's $6 billion trading loss at its chief investment office last spring, the Wall Street Journal reported on Saturday.

Flagstar in Troy, Mich., provided misleading information about the condition of loans that backed securities insured by MBIA and led to big losses, MBIA's lawsuit says.

Wells Fargo reported record earnings again in the fourth quarter but it faces headwinds that could slow the momentum in 2013.

Profits rose 43% at DSA Financial (DSFN) of Lawrenceburg, Ind., on its sales of loans and investments last quarter.

CEO Michael Corbat's 13 reshuffled direct reports are all men — an extreme example of the gender gap that exposes banks to reputational and operational risks and charges of being out of touch.