The Latest

October was one of the best months in recent memory in terms of the number of deals and their aggregate value. If that pace continues, 2015 would be the strongest year for bank M&A since the financial crisis.

JPMorgan Chase agreed to pay California $50 million to resolve claims the bank cheated tens of thousands of credit-card customers while collecting debts from them, California Attorney General Kamala Harris said.

Flushing Financial in Uniondale, N.Y., has promoted newly hired executive Susan Cullen to chief financial officer.

JPMorgan Chase & Co., the nation’s largest bank by assets, will pay $100 million to settle a California lawsuit alleging it used illegal methods to collect debts from more than 125,000 credit card holders.

Eagle Bancorp in Bethesda, Md., has redeemed all the shares it accumulated through the Small Business Lending Fund program.

Defense credit union participates in international festival and other credit unions in the news.

COLUMBUS, Ohio — The $548 million Telhio Credit Union on Monday said it has selected the DNA account processing platform and integrated solutions from Fiserv to support its goal of becoming a $1 billion CU in the next few years.

Southcoast handled its sale in way that truly resembled a reality dating show, whittling a list of 28 suitors down to three finalists. BNC Bancorp in North Carolina succeeded in landing the deal after its presentation won over Southcoast's board.

The government-sponsored enterprise is working to rebuild partnerships with church organizations and housing financing agencies as part of a broader effort to make owning a home affordable for low- and moderate-income families.

For a time, the European payments market was considered fertile ground for the creation of a third card network to compete against heavyweights Visa Europe and MasterCard. This third network never came to be, but European banks kept the idea on the back burner as a way to compete against or even bypass the major card brands.