Thomas Marano, Residential Capital's chief executive, said Thursday that Nationstar Mortgage will likely face competition in its pursuit of the bankrupt lender's mortgage assets.

West Virginia Rep. Shelley Moore Capito has asked the Federal Deposit Insurance Corp. to provide Congress with a detailed analysis on the performance of the Transaction Account Guarantee program in order help lawmakers decide to whether or not to extend the four-year-old program when it expires Dec. 31.

Bank of America has a new ad campaign aimed at inspiring trust in Merrill. Unfortunately for B of A, the announcement of the campaign coincided with fresh reports that its executives misled shareholders about the condition of Merrill Lynch before its acquisition.

Edward Grebow is making use of the $100 million in private equity that the New York bank received last year, tackling bad loans and expanding into prepaid cards and residential mortgages.

A U.S. district court granted a Federal Trade Commission request and has temporarily shut down a Florida-based operation that allegedly kept pitching bogus credit-repair services nationwide, despite a 2010 court order requiring it to stop.

Central Federal (CFBK) has restructured a planned capital raise and reached a deal with the Treasury Department that would help it exit the Troubled Asset Relief Program.

More banks and business owners would tap the U.S. Small Business Administration's loan guarantee programs if the SBA would streamline the application process, M&T Bank (MTB) Chairman and Chief Executive Robert Wilmers said Thursday.

Bharat Masrani is betting on branches at a time when many others are questioning their value. He explains why an aggressive U.S. expansion strategy — by acquisition and internal growth — makes sense for the Canadian-owned TD Bank.

Pennsylvania's banking regulator has freed Metro Bank in Harrisburg, Pa., from a two-year-old enforcement order resulting from violations to the Bank Secrecy Act.

Discover Financial gets in on the "look-at-me" act of reality television with blatant product placement on the "Food Network Star" show.

Everyone is talking about “Big Data” and the opportunities it presents for the financial industry. The movement in the industry suggests that to make better credit decisions, you must use a lot more data.

Federal prosecutors Wednesday accused Washington D.C. Council chairman Kwame R. Brown with mortgage fraud, saying he lied on his home mortgage application as part of a scheme to buy a $50,000 power boat.

The nation's mega servicers are increasing their use of principal reductions in modifying loans as they fulfill obligations under the $25 billion robo-signing settlement with the state attorneys general and federal agencies, according to new figures released by the Treasury Department.

In what would be its first acquisition in its 11-year history, Westfield Bancorp in Westfield Center, Ohio, is buying Western Reserve Bancorp in nearby Medina for about $18 million in cash.

The Atlanta bank, which was forced to retreat from a $5 debit-card fee in the fall, is making it more difficult for some customers to qualify for free checking.

Two years after postponing its planned conversion to a 100% stock-owned company, Northfield Bancorp, a mutual holding company in Avenel, N.J., is finally ready to take that second step.

Mercantile Bank Corporation (MBWM) in Grand Rapids, Mich., has completed its exit from the Troubled Asset Relief program by repurchasing the $10.5 million of stock that was still held by the Treasury Department.

Fox Chase Bancorp (FXCB) in Hatboro, Pa., is planning to restructure its balance sheet this quarter in an effort to better position itself for potential changes in interest rates and improve its net interest income.

BancorpSouth quietly cut a deal in Arkansas that could undercut Florida claims in the overdraft case and save it millions. A federal judge is not amused.

"People love the idea of simply waving their phone and paying," says an entrepreneur whose $10 product lets them do that — by sticking their contactless card in a pocket attached to the handset.