American Express has ambitious plans for Serve, Dan Schulman, group president of enterprise growth explains.

Most of us in the banking community are seeking, after the crash, to rebuild trust, shareholder and client loyalty, businesses and lives. As time goes on and memories fade, we should remember the job is not finished.

In a Harvard Business Review op-ed, ex-Citigroup and Bank of America executive Sallie Krawcheck provides a glimpse of how she'd run a bank if given the chance.

Citigroup Global Markets on Thursday bought $1.67 billion of complex residential mortgage assets from a Federal Reserve Bank of New York portfolio taken on during the 2008 bailout of American International Group, according to the New York Fed's website.

Bank of Kentucky Financial (BKYF) had named Herbert H. Works to succeed Rodney S. Cain as its chairman.

A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 European Union ruling over its fees, in a case seen as a key test on the levies card companies can impose in Europe.

WarehouseOne of Trenton, N.J., which has been in business since 1998, is demanding that a troubled lender with a similar-sounding name stop using that name.

Mortgage firms that use the correspondent and wholesale channels to fund loans experienced strong growth in the first quarter, according to preliminary survey information being compiled by National Mortgage News and the Quarterly Data Report.

The CFPB issued a proposal Thursday laying out the steps it will take to designate certain nonbanks for supervision if they pose a risk to consumers.

Certain loans were well underwritten and structured, and are underperforming now solely because of job losses. Drastic approaches like modifications and refis are unnecessary to help these ordinarily creditworthy homeowners.

A conservative polling firm says that the vast majority of voters have heard of Fannie Mae and Freddie Mac. The problem: half think they are broken.

Bank industry experts this week offered several suggestions for how Jamie Dimon should go about repairing JPMorgan Chase's reputation, after a London trader's bets lost the bank at least $2 billion.

With profits rising to a "post-crisis high," the FDIC says loan balances fell in the first quarter. But with banks selling off loans and balances affected by seasonal factors, the direction of lending growth is unclear.

COLUMBUS, Ohio — Corporate One FCU said this afternoon that members of Florida's Southeast Corporate FCU have approved the combination of the two, creating one of the biggest corporates in the country with $5 billion in assets.

Nearly a year after calling off a stock sale that would have sharply diluted the value of its shares, Independent Bank in Ionia, Mich., said it would instead raise capital by selling off a batch of branches.

Prices garnered prior to the crisis have little in common with what banks are worth today or what they will likely be worth in the future. Yet boards and managers remain irrationally fixated on outdated, irrelevant valuations.

Cardinal Bankshares' yearlong battle with an activist investor ended with a deadlocked board, an ousted chairman and a lot of uncertainty. The biggest challenge for all parties is determining who is in charge.

Plans to unify mortgage securities issued by Fannie Mae and Freddie Mac have been top of mind at several events this month, as the mortgage industry works to jumpstart the securities market in the wake of the financial crisis.

If JPMorgan Chase's trading blowup raised worries about booby traps at other financial giants, it might be comforting to know that its securities portfolio is more complex — and perhaps trickier to hedge — than those of rival megabanks.

The Financial Industry Regulatory Authority on Tuesday fined Citigroup Global Markets Inc. $3.5 million in a settlement related to charges of nonconforming residential mortgage-backed securities violations that Citi neither admitted to nor denied.