PayPal will have its payments accepted throughout Discover's network, in a deal that increases the threat to traditional payments giants Visa and MasterCard.

Canada's banks, the most stable in the world, will probably post the lowest profit growth in two quarters as consumer lending eases and spending subsides ahead of a potential housing slowdown.

NMI Holdings, which raised $550 million in April to open a mortgage insurer, faces a lawsuit from an Arizona regulator, highlighting the role of state watchdogs as the industry seeks to recover from years of losses.

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The private-equity firm Lovell Minnick Partners has invested $50 million in TriState Capital Holdings in Pittsburgh.

Bank of America has ceased selling all payment protection plans to credit card customers, killing off a business line targeted by regulators.

A Newport Beach, Calif., firm that buys problem loans from banks has struck its second deal in less than a week.

Dealmakers have been pushing bankruptcy recapitalizations for a few years. The time may now be ripe with credit quality improving while debt loads linger.

WASHINGTON — The Federal Deposit Insurance Corp. next Tuesday will release its latest quarterly update on earnings, loan growth and other indicators for the entire banking industry.

Large banks control the lion's share of the industry's total outstanding loans, but smaller banks are adding loans at a faster clip, according to a new report from Keefe, Bruyette & Woods.

The Federal Housing Finance Agency took another step to alleviate burden on borrowers struggling with their mortgage payments.

Private crop insurers, a group led by Wells Fargo and Ace Ltd., may face losses that exceed $5 billion if this year's U.S. drought is worse than one in 1988, Standard & Poor's said.

Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that they need financial behemoths to operate globally.

First Midwest Bank in Itasca, Ill., has expanded its ATM network by joining the Allpoint Network.

Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that financial behemoths should be held together for their sake.

Big businesses' mixed feelings about their large bank partners are especially obvious when the conversation turns to proposed reforms of money-market funds, which corporate treasurers say could increase the power of "too big to fail" banks.

A federal charter for National Consumer Credit Corporations could help community bankers serve (and profit off) low-to-moderate-income consumers.

Ellington Financial in Old Greenwich, Conn., has raised roughly $76.7 million through a public offering and will use the funds to acquire securities and loans.

The banking industry, reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase CEO Jamie Dimon.

Citigroup became the first Western bank to issue credit cards in China without co-branding from a local financial institution as the government relaxes restrictions in the world's second-largest economy.