The Federal Reserve must take steps to improve handling of complex settlements like the one reached with mortgage servicers over improper foreclosures, an internal watchdog said in a report.

PNC Financial Services in Pittsburgh has appointed a former brand executive for the National Football League to its board.

Examiners will not require community banks to adhere to new risk governance standards, but they are likely to expect community bank boards to incorporate the guidelines' fundamental principles into their oversight.

Just when it seemed that some banks might be putting their legal woes behind them, another threat has emerged that could involve the entire industry — debt- collections litigation.

United Community Banks in Blairsville, Ga., has announced a series of executive changes following the retirement of its chief risk officer.

Citizens Community Bancorp in Eau Claire, Wis., will close three branches.

The agency has been hounding the "significantly undercapitalized" bank to provide written capital restoration and contingency plans that would include ways Doral could be sold or liquidated.

The fact that a customer has been with your bank for an extended period of time may not be as predictive of their future decisions as you think.

OceanFirst Financial in Toms River, N.J., has shed some nonperforming mortgages.

PayStand, an e-commerce gateway for alternative and traditional forms of payment, is opening up its application programming interface (API) to support payments with credit cards, e-checks and Bitcoin.

New York's top banking regulator has the power to regulate online lenders owned by Native American tribes, the U.S. Court of Appeals in New York ruled Wednesday.

Bank of America has combined the roles of chairman and chief executive for the first time since the immediate aftermath of the financial crisis.

The $171 million-asset company said in a press release Wednesday that it was recently informed that certain loans used to back its investment in repurchase agreements may be fraudulent.

The $7.9 billion-asset company said in a press release Wednesday that Michael Blodnick plans to retire next year.

Radius Bancorp in Boston has filed documents for an initial public offering that will allow two of its investors to avoid being subject to portions of the Volcker Rule.

Community banks, by and large, appear well-prepared for capital standards that Basel II will phase in beginning in January. Still, concerns remain on how the requirements will shape cost structures and consolidation at smaller institutions.

Kristen Albert, a supervisor at a Massachusetts collection agency, took the stand in a murder trial on Tuesday.

Capital One's new Capital One Wallet is a cardholder app for Apple's devices that uses an Android-like pattern-recognition feature for authentication.

A lawsuit filed Wednesday by New York Attorney General Eric T. Schneiderman's office accuses two law firms and their lead attorney of participating in a fraudulent mortgage rescue scheme.

First Farmers Financial in Converse, Ind., has agreed to buy three community banks in Illinois.