Citigroup Inc. (C), the third-largest U.S. lender, agreed to sell servicing rights for about 64,000 Fannie Mae residential first-mortgage loans as it seeks to reduce a portfolio of unwanted assets.

Simmons First National (SFNC) in Pine Bluff, Ark., plans to close 27 branches, according to regulatory filings.

The number of U.S. properties saddled with foreclosures last year dropped 26 percent from 2012, according to RealtyTrac, an online real estate firm.

First Republic Bank (FRC) in San Francisco posted slightly higher earnings in the fourth quarter thanks to higher revenue from loans and improved credit quality.

The Treasury Department plans to sell $3 billion of Ally Financial Inc. common stock, reducing taxpayers' stake in the firm to 37 percent.

I would feel better about banking at a place that took an active role in educating the public on the financial system. I would also appreciate a complete breakdown on any puzzling paperwork, confusing mathematics or common mistakes when I sign up for an account.

PrivateBancorp (PVTB) in Chicago posted higher quarterly earnings because of improved credit quality and lower expenses.

MB Financial (MBFI) in Chicago reported a minor dip in quarterly earnings as net interest income fell.

Flagstar Bancorp (FBC) in Troy, Mich., announced Thursday it is laying off approximately 600 employees as part of a cost cutting measure.

Soo Bong Min, the president and chief executive of BBCN Bank in Los Angeles, has stepped down after less than a year on the job.

Citigroup (NYSE: C) plans to send new debit cards to customers affected by the Target data breach, The New York Times reported Thursday.

Debit cardholders would feel more appreciated if their bank voluntarily notified them prior to overdrafts and offered to mail statements in languages other than English.

U.S. foreclosure activity during all of 2013 dropped 26% compared to 2012 to 1.361m properties, its lowest level since 2007 (1.3m filings), according to RealtyTrac U.S. Foreclosure Market Report.

Huntington Bancshares' (HBAN) fourth-quarter profits fell 6% from the same quarter in 2012, to $158 million, due largely to a sharp decline in mortgage banking income.

Goldman Sachs Group Inc., the Wall Street bank with the highest return on equity, reported earnings that beat analysts' estimates as equity-underwriting fees doubled and full-year compensation costs fell to the second- lowest percent of revenue since the firm went public in 1999.

Citigroup (NYSE:C) reported fourth-quarter profit that missed Wall Street estimates as bond trading slumped. The stock fell more than 2.5% in early New York trading.

More than anything I would like good customer service, close attention to my account security and really low fees. Unfortunately, I must admit I almost never get what I want from my bank.

PNC Financial Services Group Inc. (PNC) posted fourth-quarter profit that beat analysts' estimates as the lender set aside less money for soured loans.

Coconut Grove Bank in Miami has appointed a new chief financial officer: Samuel Milne, the former CFO of the struggling U.S. Century Bank.

Duncan Niederauer, the head of the New York Stock Exchange's parent company, this week contemplated the consequences of his future retirement and urged his fellow financial executives to "be humble" about their professional clout.