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Some of BBCN's directors actually favored a deal with Hanmi to cement its position as the nation's biggest Korean-American bank. That disclosure could spur Hanmi to make a direct appeal to BBCN's shareholders in coming months.

FitPay's alternative approach to wearable payments has gotten a boost from Comerica Bank and RocketSpace, which have chosen FitPay as the winner of the Wearable FinTech Startup Challenge.

The $241 billion-asset unit of Toronto-Dominion Bank has allegedly lent $300 million to Smith & Wesson, the maker of the guns found in last week's shooting in San Bernardino, Calif., according to Letitia James, the New York City Public Advocate.

A breakdown of M&A announcements in the financial services industry for the week ended December 5.

Two independent mortgage banks agreed to settlements in the past week with the Justice Department for failing to meet Federal Housing Administration guidelines. The cases are a warning to nonbank lenders that they need to beef up self-reporting of deficiencies, and they remind large banks about the legal risks associated with FHA lending.

A Massachusetts collection agency and debt buyer is the target of a federal complaint filed Monday by the Consumer Financial Protection Bureau. The agency is accused of reporting and collecting on old cellphone debts disputed by consumers.

Competition for commercial clients is fierce, so banks are on the hunt for ways to keep their customers happy.

Peoples Financial Services in Scranton, Pa., has bought a retirement planning operation.

The debate over whether signatures or PINs are a stronger security feature overlooks the fact that neither is the most important defense against fraud.

Most credit unions lack the resource heft of the larger banks that are pursuing their own mobile payment projects, but they aren't left empty-handed.