United Shore Financial Services in Birmingham, Mich., has promoted the head of its wholesale mortgage unit to become its president.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

November marked the first time in months that bankers reported increased momentum for staffing, despite the fact that some Northeastern banks were dealing with Hurricane Sandy's aftermath.

Make sure each of your bank's initiatives is explicitly designed to eliminate uncertainties as rapidly as possible so any failures are small, quick and survivable rather than interminable and deadly.

Global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch.

Fourteen of the nation's biggest banks are expected to pay a combined $10 billion to settle allegations they mishandled foreclosures that followed the housing crisis.

PHILADELPHIA – Freedom CU is celebrating the grand re-opening of its branch inside a Sears department store.

PORTLAND, Ore. – Oregonians CU said Friday it will close its branch in Eugene on March 1.

The American Bankers Association is asking Fannie Mae's regulator to halt a plan to slash the prices the housing giant and troubled borrowers pay for property insurance, citing a "lack of transparency and the absence of public input."

Plaza Bank in Seattle has lured a healthcare executive to return to banking as its new chief executive.

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The country's largest undercapitalized bank, U.S. Century Bank of Doral, Fla., raised $30 million in December through the sale of three loans, according to a report in the South Florida Business Journal.

As loan participations start to climb, lenders would be well served to learn how a poorly structured agreement on a mall property caused headaches for more than a dozen banks.

The Federal Housing Administration is making it easier for small banks, thrifts and credit unions to participate in its single-family loan program again.

Northeast Community Bancorp (NECB) in White Plains, N.Y., has promoted Jose Collazo to become its president.

The lenders allegedly forced homeowners to purchase flood insurance in excess of legal limits and received commissions from the sale of the policies.

GFA Federal Credit Union in Gardener, Mass., has completed its acquisition of Monadnock Community Bank.

A partnership with BluePoint Finance is designed to provide funding to small businesses and municipalities looking to cut energy costs.

The President's nominee for the No. 3 job at the Justice Department would face tough questions from congressional Republicans over an issue critical to banks.

Washington's budget deal contained mixed news for banks; HSBC sought to downsize it branches; and rivals pushed ahead with efforts to replace bricks and mortar with phones and cameras.