Former HSBC executive Nancy Pierce will lead Treasury product management for the bank.

Prevail CU and Harborstone CU of Tacoma announced plans to combine this afternoon to create another $1 billion credit union, the state's sixth.

Wells Fargo (WFC) reported a 17% rise in second-quarter profit on strength in mortgage banking and a drop in expenses.

The Federal Reserve Board has lifted a written agreement with Tower Financial that required the Fort Wayne, Ind., company to improve its lending and credit administration.

MONITOR TOWNSHIP, Mich. – Construction of the third Copoco Community CU branch began this week inside the Valley Center Technology Park.

MANCHESTER, N.H. – St. Mary’s Bank, the nation’s oldest credit union, is moving to a new headquarters adjacent to its current offices.

Four out of five banks that closed important deals last week did so in four months or less. First PacTrust, which is new to getting M&A approval from regulators, needed 10 months to close one deal and has another pending after more than a year.

Settlement with San Francisco bank is second-largest fair-lending case following Justice Department's deal with Countrywide last year.

The only beneficiary of this well-intended but misguided regulation appears to be a small group of lawyers bringing costly lawsuits.

Regions Financial has unveiled a new line of Visa credit cards, following its repurchase of its card portfolio from Bank of America's FIA Services last summer.

Solera National Bank is looking to double its loan portfolio in the next year now that it is no longer operating under a consent order from the OCC.

Dongle doppleganger causes friction between mobile payment providers.

Washington Federal (WAFD) in Seattle reported that its quarterly earnings totaled $35.2 million, up almost 17% from a year earlier despite a drop in net interest income.

When smaller financial institutions, such as credit unions, are inundated with regulations from multiple agencies simultaneously, their ability to meet the needs of members is hampered and services are curtailed.

Banks are allowed to pass on costs related to FDIC premiums, but the agency is warning the industry that expressly designating an 'FDIC fee' has consequences.

The former chief executive officer of Virginia's Bank of the Commonwealth was among six people indicted for an alleged fraud conspiracy involving a coverup of the bank's financial condition from 2008 to 2011.

Financial firms are raising less capital as domestic and international concerns abound.

How ironic to see banks complain about being victimized by nuisance lawsuits filed by consumers over missing warning notices at ATMs – notices that were required to stop banks from victimizing consumers with nuisance charges at ATMs.

The lawsuit, filed on behalf of a Baton Rouge, La., man suffering from Alzheimer's disease, accuses a banker from JPMorgan Chase of using a debit card to steal $300 a day for more than a year.

Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency, according to bidders and other sources familiar with the matter.