A reported $12 billion settlement with federal and state authorities could force Bank of America to take a charge eating up most of its second-quarter profits. After that, the bank may finally get to move on.

When Bank of America (BAC) announced a new deposit account with a reliable $4.95 monthly fee, some industry observers questioned whether the Charlotte, N.C., company could squeeze out a profit.

Payday lenders are raising the stakes in their pushback on Operation Choke Point with a lawsuit against banking regulators, alleging that "back-room pressure of banks" to dissolve longstanding relationships with payday shops and others is unfairly harming the industry.

WASHINGTON — Economic growth will rebound in the second quarter, averaging 3.1% over next six quarters, but the housing market may not be as strong due to constraints on lending, according to bank economists.

Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices … and, oh yes, begging investors for a few more years of patience.

Ten percent of people who used their cellphones to make a deposit had it returned to the originating institution due to fraud, according to new research.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

A report on foreclosures in Los Angeles indicates penalties folded into a foreclosure registry program established in 2010, a program intended to scare property owners into maintaining houses, were never collected.

The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.

The Federal Reserve's April report on consumer borrowing, to be released late in the day Friday, is expected to show borrowing rose by $15.6 billion in April.

Repurposing the CRA to root out discrimination based on race and ethnicity risks undermining the CRA’s primary objective: to encourage banks to provide credit-related services in lower-income communities.

The $1.6-billion asset company, based in Asheville, N.C., is headed into Virginia for the first time after announcing plans Thursday to open a commercial loan production office in Roanoke.

A New York City bank employee is in the news for going the extra mile to ensure that a local homeless man was given a proper goodbye.

Executives at private mortgage insurers expect the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to reduce some fees in the next year, which would make privately-insured GSE loans more competitive with government loans.

A former Georgia community banker who was accused of fraud and faked suicide has pleaded guilty to three felony charges for his role in allegedly defrauding a bank and private investors.

The company claims in a lawsuit against the Puerto Rican government that the territory could lose "a major lender in the Puerto Rico housing market" if it is denied a $230 million tax refund.

Justin Timberlake will perform a private, small-venue concert for customers of Citi's American Airlines promotional credit card on July 10 at the Hammerstein Ballroom in New York.

Donald Shamey, president and chief executive at NexTier Bank in Butler, Pa. will retire in July after 40 years at the helm.

American Express can provide affordable products to the unbanked and still make a profit, company executive Dan Schulman said at the Emerge conference. He was vague on details but hinted that its prepaid cards built on an lower-cost software platform are part of the answer.