Facebook is seeking to strengthen the nonadvertising side of its business by enabling users around the world to make payments on the social site in local currency and letting application developers charge on a subscription basis.

Capital One Financial (COF) has settled a longstanding legal dispute with former executive John Kanas.

Deals in Texas were pricey and plentiful in the first five months of the year, new data show. The state set the pace for rapid bank consolidation once before, and it could do so again.

The Treasury Department plans to auction pools of securities in nearly two-thirds of the banks left in the Troubled Asset Relief Program, its most aggressive move yet to get small banks out of the program.

For community bankers, it was always a romantic notion, the idea that they could give mortgage lending short shrift and beat the big guys on commercial loans. Mortgage lending is looking pretty good to these bankers now.

Richard Hunt, who assumed leadership of the Consumer Bankers Association three years ago as its president, has now been named the chief executive officer for the group.

Financial stocks rose Tuesday after federal housing regulators said they were revising guidelines that could reduce lenders' risks of having to buy back soured mortgages that have been securitized.

First Security Bank of Bozeman, Mont., has named a longtime employee as its new president and chief executive.

Premier Community Bank in Marion, Wis., announced Tuesday that it is expanding into central Wisconsin with a deal to buy four branches from Baylake Bank (BYLK) of Sturgeon Bay, Wis.

Discover has started originating mortgages after buying Tree.com's home loan unit, but executives say the lender will be slow and "sensible" about expanding the business.

Alliance Data Systems (ADS) in Dallas announced Tuesday that it is buying the credit card portfolio of the retailer Bon-Ton Stores.

BB&T, Webster and TCF announce redemption plans and other regionals are likely to follow in advance of new capital rules that take effect Jan. 1.

Consumers will be able to review complaints against individual credit card lenders through a new CFPB database.

In a positive sign for bank stocks, Russell Investment Group has added 25 banks to its index of 3,000 publicly traded companies while removing just three banks from its influential list.

Jacksonville Bancorp (JAXB) in Florida announced Monday that its president and chief executive, Price W. Schwenck, has retired and that its board has named veteran banker Stephen C. Green as his successor.

A funny thing is happening to the market value of mortgage servicing rights: as this volatile asset class continues to wane in price, there's now less of it out there in the world—a lot less compared to the peak of two years ago.

Single-family housing starts rose in May for the third straight month while multifamily activity fell 24% from April's construction pace.

Fannie Mae is starting to feel slightly more optimistic about the origination picture for the rest of 2012.

JPMorgan had over $200 billion in TAG deposits in the last quarter. That's almost 20% of the bank's deposits and equal to 60% of the now-infamous chief investment office's portfolio.

PHH Mortgage said it will no longer accept new FHA Streamline refinancings from correspondent lenders unless it is already servicing the loan, according to a memo provided to National Mortgage News.