The Charlotte bank says Monday's settlement is a significant step toward resolving its crisis-era woes, but other legal risks — particularly in connection with private-label mortgages — remain.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

A "simplified" foreclosure review settlement is in borrowers' best interests, even though details remain sketchy, officials from the Office of the Comptroller of the Currency argued Monday.

Consumers who face foreclosure on their homes, who would like to modify terms of their mortgages or whose homes are underwater, now have a toll-free telephone number they can call to connect with a counselor who may be able to help.

This bad loan was a unique case of vanity and all-pervasive incompetence on the part of both the banker and a movie producer turned real estate developer.

JPMorgan Chase, the nation's biggest bank by assets, said Monday it would inaugurate a new office, which is located in San Jose, with celebrations at both the branch in San Jose and another that the bank opened recently in San Francisco.

Cornerstone Bancshares in Chattanooga, Tenn., has raised $15 million to bolster its capital reserves.

Bync, a new transaction-based deals hub, hopes to line up exclusive merchant relationships.

Independence Bancshares in Greenville, S.C., has $14.1 million in new capital and freshly minted chief executive.

Shelter Insurance joins the growing list of insurance companies to unwind its bank after it faced having more than $1 million in annual costs tied to Dodd-Frank.

VantageSouth Bank in North Carolina is taking steps to rekindle lending to home builders.

Business borrowing from commercial banks appears to have jumped at an annual rate of 11% in the fourth quarter, reversing two quarters of fading momentum.

ICBA Bancard is partnering with the payment processor Vantiv to provide payment services for the Independent Community Bankers of America's member banks.

The acquisition of nearly $800 in commercial loans provides a productive use for the spare cash on CIT's balance sheet, analysts say.

A deal between regulators and 10 major mortgage banks will end a troubled foreclosure review process. However, the latest plan faces troubles of its own.

Guaranty Bancorp in Denver is planning to retire some of its high-cost debt. The $1.8 billion-asset company said late Friday that it would redeem $15 million in trust-preferred securities in February and March.

Cambridge Savings Bank named Wayne Patenaude, its chief financial officer, to succeeded Robert Wilson as its president and CEO.

FICO announced Friday it has moved its headquarters to San Jose from Minneapolis.

Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.

The deal clears up a major source of uncertainty at the banking giant and is likely to lead the way for similar settlements between Fannie and other big mortgage originators.