TD Bank has agreed to settle a lawsuit over its processing of overdraft fees for $62 million, the bank and plaintiffs' attorneys stated in a court filing late Friday.

As a former banker, I watched in amazement and disgust as the country's largest banks morphed from trusted fiduciaries of customer financial assets to unrepentant predators of consumer financial assets in just a few decades.

After putting its initial public offering plans on ice, Customers Bancorp in Wyomissing, Pa., has placed $270 million of its investment portfolio on the auction block.

As the president challenged Republicans to support his refinancing initiative, his administration quietly backed away from a proposal to pay for the plan by imposing a tax on banks.

The Office of the Comptroller of the Currency has dismissed one of the consultants overseeing a massive foreclosure review after it discovered a conflict of interest in outside work the company has performed.

Deutsche Bank AG agreed to pay $202 million to settle Justice Department civil allegations that its MortgageIT unit lied to maintain access to federal housing-loan financing.

First California Financial Group's decision to turn down a buyout offer from PacWest Bancorp (PACW) has angered at least one of the company's largest shareholders.

Financial institutions are going toe-to-toe to capture new customers—and the fight is getting downright dangerous.

Many banks reported strong loan production in the first quarter, but most bankers acknowledged that overall loan demand remains tepid and that the activity is largely a result of stealing business from rival banks.

Faced with losing key commercial clients, a number of community banks are looking to lower loan pricing by offering floating rates. By doing so, bankers are putting themselves at risk if the Fed aggressively raises interest rates.

I guess I'm tired of reading and hearing banks and their managements cursed, ridiculed and extolled for causing the financial meltdown and economic crisis. It seems that most everyone from Washington to the "Occupy" groups wants a piece of banking's hide for the pain of this recent experience.

The head of Sovereign Bank's cards and payments division describes his recent experiment of going cashless for a day — and where he hit a jam. He spoke at the annual Card Forum and Expo.

Jamie Dimon’s mea culpa over a $2 billion trading comes at a lousy time for bankers opposed to trading restrictions. It also raises questions about the effectiveness of big banks’ risk management.

"There's a lot of frustration" among retailers, says Bill Johnson, who runs the Citigroup unit that issues store cards. "They're worried about who owns the data, who owns the [customer] relationship."

Hudson Valley Holding (HVB) in Yonkers, N.Y., has named a new leadership team following the resignation of founder and Chairman William E. Griffin.

Elizabeth Acton, the former chief financial officer at Comerica (CMA), has been elected to the Board of Directors at homebuilder Beazer Homes USA (BZH).

In a buyer's market, the smallest of processing hiccups can cause a lender to lose a potential borrower, which is why companies such as American Pacific Mortgage place a premium on developing new digital delivery strategies.

Royal Bank of Scotland Group PLC said Friday it plans to ax 500 jobs in the Netherlands, or 26% of its workforce there, as it seeks to reduce costs in a difficult market and tougher regulatory environment.

WSFS Financial (WSFS) of Wilmington, Del., has lowered its previously reported first-quarter earnings after the implementation of a new risk-rating system led it set aside more funds for loan losses.

OMAHA, Neb. – Omaha FCU has renovated its headquarters and will hold a “grand reopening” May 25.