The Latest

Banks are still holding on to scores of delinquent mortgages that date to the real estate crash, but a surge in home values across the country is motivating them to move the most troublesome loans off their books more quickly.

WASHINGTON — The Federal Reserve Board released an interim rule Thursday implementing a congressionally mandated reduction in the Fed dividend for banks with over $10 billion in assets.

Citigroup increased Chief Executive Officer Mike Corbat's compensation 27 percent to $16.5 million for 2015 as the lender boosted profit and passed the Federal Reserve's annual stress test, a reversal from its failure a year earlier.

First Sound Bank in Seattle has recruited chief financial and administrative officers from rival banks.

Ally Bank CEO Diane Morais talks about rolling out mortgages and credit cards; there’s talk of putting Sen. Elizabeth Warren on the Supreme Court; the judge in the MetLife SIFI case talks tough to FSOC; the Mean Girls talk really has to go; and how corporate directors talk about the lack of women on boards (warning: men think there aren’t a lot of qualified women, but, um, could that be because their network is mostly male?).

As expected, the National Credit Union Administration approved sweeping overhaul of MBL rule, but several sticking points led to some acrimonious exchanges — and could presage battles ahead.

Federal Housing Finance Agency Director Mel Watt stopped short of calling for Treasury to recapitalize the government-sponsored enterprises, but said "something needs to be done" before they run out of capital.

Centrue Financial in Ottawa, Ill., has been released from an enforcement action that had prohibited the company from paying dividends without regulatory approval.

Federal Housing Finance Agency Director Watt stopped short of calling for Treasury to recapitalize the government-sponsored enterprises, but said "something needs to be done" before they run out of capital.

A group of defendants have settled FTC charges that they provided scammers with hundreds of thousands of consumers’ sensitive personal information – including Social Security and bank account numbers.