Mortgage servicers tied to the independent foreclosure review settlement will begin sending the first wave of $1.2 billion in checks to troubled borrowers on Friday, federal regulators said.

An honest debate over our "too big to fail" problem and a sound policy response are incompatible with a wait-and-see approach to the laws already on the books.

Rising stock prices, rebounding profits, restored dividends and a growing economy are signaling to U.S. banks it's time for more job cuts.

MasterCard faces a European Union antitrust probe into bank fees on foreign card payments such as when tourists go shopping in the 27-nation bloc.

Charter Financial Corp. in West Point, Ga., has converted to a fully public company.

A provision that would raise capital standards at both small and large banks could potentially hamper the legislative effort to break up the biggest institutions.

The Minneapolis company announced Monday that Rick Aneshansel would succeed Dan Arrigoni as the president of its U.S. Bank Home Mortgage unit. Arrigoni is set to retire June 30.

Even though prepaid cards are already widely considered a product for the underbanked, usage patterns are showing more clearly just how different prepaid card users are from bank customers.

WASHINGTON — The Consumer Financial Protection Bureau has started taking consumer complaints on money transfers before it finalizes amendments to its remittance rule.

Union Bank in San Francisco has forged a deal that will give the company a further foothold on the East Coast.

The company announced two deals in the first quarter, ending a three-year drought after raising millions to buy banks.

Synovus Financial (SNV) is adding a director while losing two others. The $27 billion-asset company said Monday it has nominated Barry Storey to serve on its board.

Identifying the top female executives whose work is directing the future of payments.

Nearly a quarter of Investors Bancorp's branches will be near the Philadelphia suburbs once it completes its acquisitions of Gateway Community and Roma Financial.

The traditional way of doing business in the branch network may be dead, but bank branches themselves will survive in some form, says Bank of the West’s Andy Harmening, a senior executive vice president and regional banking group head. Bank of the West has been able to open de novo branches without hiring any additional staff, thanks to advanced technology, to meet customer demand for in-store mortgages, small-business loans and investment advice. Harmening spoke to American Banker at the annual Best Practices in Retail Banking Symposium.

MutualFirst Financial (MFSF) in Muncie, Ind., has reduced its involvement in the Treasury Department's small-business lending fund.

Heritage Financial in Olympia, Wash., plans to merge its two banks.

First Niagara Financial Group in Buffalo, N.Y., has hired a JPMorgan Chase executive to lead its new business unit for New York, New Jersey and Connecticut.

Part of the idea is to generate buzz. But market research is also driving the pay-what-you-want strategy, chief executive officer Steve Streit says in an interview.

The U.S. government did not wait too long to charge UBS and other mortgage underwriters with misleading investors in the run-up to the mortgage meltdown, a U.S. appeals court ruled Friday.