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The $140 billion-asset company disclosed Thursday in a regulatory filing that the Federal Reserve Board downgraded its Community Reinvestment Act rating to "needs to improve."

JPMorgan Chase reported a 5% increase year-over-year in its second-quarter mortgage banking revenue even though its loan origination volume fell by 15%.

The $1.5 billion-asset Equity said in a press release Thursday that it will pay $68.8 million in cash and stock for the $475 million-asset parent of Community First Bank.

A former Wall Street trader contends that "bro talk" is keeping women down, and it often comes from bosses; B of A says there is no "bro's club" at the company; Mary Mack is succeeding a retiring Carrie Tolstedt at Wells Fargo; and Barclays' Barbara Byrne tries a new recruiting tactic. Also, with Theresa May as U.K. prime minister, could we soon see mostly women running the western world?

The U.K.'s mobile-first Starling Bank has received a banking license from the Financial Conduct Authority and Prudential Regulation Authority.

Well-known in credit union circles, the latest appointee to the NCUA Board scored a flurry of kudos following the White House announcement.

House Republicans raked Federal Deposit Insurance Corp. Chairman Martin Gruenberg over the coals during a hearing on Thursday, repeatedly calling into question his knowledge of the agency's cybersecurity problems and the handling of those concerns.

Profit rose at First Republic Bank in the second quarter, as higher loan originations and fee-based business offset a spike in employee salaries that was partly caused by the bank raising its minimum wage.

JPMorgan posted strong gains in consumer deposits and mobile users, and other big banks are expected to do the same. It could be a sign that megabanks are indeed stealing market share from regional and community banks.

Santander Bank will pay a $10 million fine for charging illegal overdraft fees and for signing up consumers for overdraft services without their consent, the Consumer Financial Protection Bureau said Thursday.