The Latest

Fannie Mae and Freddie Mac have a regulatory mandate to shrink. But that's easier said than done, given the GSEs' outsized presence in the mortgage industry, as their latest quarterly results show.

Home BancShares in Conway, Ark., has promoted John "Stephen" Tipton to chief operating officer, after the position had been vacant for about five years.

Illinois has signed two agreements to allow its state-chartered credit unions operate out of state.

The North Carolina regional bank is placing a big bet that targeting Pennsylvania's high earners will offset the state's reputation for having slower-than-average growth.

The philanthropic arm of Wells Fargo is working with the Department of Energy's National Renewable Energy Laboratory on an incubator that grooms early-stage clean technology startups and validates their products.

Simmons First National in Pine Bluff, Ark., has promoted several executives, as David Bartlett announced his plans to retire as president and chief banking officer.

Bank of New York Mellon has agreed to pay $14.8 million to settle Securities and Exchange Commission allegations that it used its internship program to violate the Foreign Corrupt Practices Act.

Activist investor Joseph Stilwell is demanding that Carroll Bancorp in Sykesville, Md., pick up the pace on stock buybacks.

The growing adoption of Apple Pay will help Apple's smartwatch capture up to 68 percent of the smartwatch market by the end of the year.