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Steep legal fees used to make it difficult for smaller banks to invest in renewable energy tax credits. A new fund is looking to lower the typical legal fees that have made such investments cost-prohibitive for community banks.

Ocwen Financial's shares had fallen nearly 7% Friday afternoon, to under $10 apiece, a day after Standard & Poor's Ratings Services put the company's servicer ratings on CreditWatch negative.

Regions Financial in Birmingham, Ala., has agreed to pay $90 million to settle a 2009 shareholder lawsuit over its acquisition of AmSouth Bancorp.

London is turning into a major payments and financial services technology innovation hub, luring venture capital and talent from the U.S. and other parts of Europe.

Demand for automobile loans has soared to new levels, Equifax said in a Thursday report. Meanwhile, delinquencies of 60 days or more have hit their lowest point in nearly a decade.

Buyout firm Abraaj Group is working with Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase Inc. as it plans an initial public offering of its stake in a credit-card processing business, according to people with knowledge of the matter.

Commerce Bancshares in Kansas City, Mo., has established relationships with several new organizations, including environmental groups and universities, to offer co-branded credit cards.

WestStar Bank in El Paso, Texas, is planning to merge with First National Bank in El Paso.

Two private-equity investors have priced their offering of shares in Central Pacific Financial in Honolulu.