After lobbying efforts on Capitol Hill failed, banks that rely heavily on deposits from Latin America are going to court to halt new regulation that requires them to report to interest paid to nonresidents.

The National Credit Union Administration has certified last month's member vote at HarborOne Credit Union in Brockton, Mass., to convert to a mutual savings bank.

A breakdown of M&A announcements in the financial services industry for the week ended April 20.

The $133 million-asset Jefferson Bancorp said Monday that it had acquired 10 branches from Carrollton that will operate under the Bay Bank name. The company has $480 million in assets and 22 branches around Baltimore.

The law firm Proskauer has lured a veteran lawyer/investment banker from UBS.

Bank of Hawaii in Honolulu missed its first-quarter earnings estimates as interest income fell.

The introduction of more private, risk-bearing capital to housing finance should expand homeownership possibilities.

Banks have to reconsider how their customers are using mobile technology, branches and ATMs, and successful companies will create an "integrated multichannel experience," says Bank of the West's Andy Harmening, a senior executive vice president and regional banking group head. He spoke to American Banker at the annual Best Practices in Retail Banking Symposium.

Regulators seized two banks in Florida, and one in Kentucky, in a trio of failures Friday.

Aided by improved asset quality, lower expenses and increased fee income, Park National in Newark, Ohio, said Friday that it earned $20.7 million, or $1.34 per share, in the first quarter, easily beating consensus analysts' estimates.

The troubled Metropolitan Bank Group in Chicago has been ordered by the Federal Reserve not to boost the pay of its directors or officers without the Fed's permission.

American International Group (AIG) won a request to return its $10 billion lawsuit against Bank of America (BAC) over mortgage securities to state court in New York.

Brenda Battey has been approved by the Federal Reserve Bank of San Francisco to be CFO of the company, it said Friday.

First Horizon National (FHN) in Memphis, Tenn., boosted profits by cutting costs in the first quarter.

Bank of the West in San Francisco is promoting a new program that will provide unsecured credit cards to foreign nationals who have scant records as borrowers in the United States.

Card issuers say they will wait for loan demand to return, content for now to live largely on the profits generated by swipe fees.

The burden on small banks from a new escrow rule for higher-priced mortgages should be relatively small, according to guidance released by the Consumer Financial Protection Bureau on Friday.

The Federal Deposit Insurance Corp. has lifted a regulatory order from Macatawa Bank (MCBC) in Holland, Mich.

Associated Banc-Corp of Green Bay, Wis., has made significant strides in its bid to become more efficient, but CEO Philip Flynn admits it has much more work to do.

Revenue is expected to strengthen at least a little in the second quarter, but cost-cutting is here to stay until the economy really improves.