Donald H. Layton, formerly head of E-Trade, seeks to streamline operations at Freddie, cites strain of operating under conservatorship and describes his motivation as public service.

BancorpSouth in Tupelo, Miss., announced Thursday that its longtime leader Aubrey Patterson plans to relinquish his duties as chief executive in 2013.

Diebold said it will provide and manage the security of Patriot Bank's new headquarters.

Freddie Mac (FMCC) named Donald Layton, the former chief executive of online brokerage E-Trade Financial Corp. (ETFC), as its new CEO on Thursday.

I've never been able to square bankers' constant demands for less regulation with their repeated requests for more government backing on loans, deposits and insurance.

The Federal Reserve Board has entered into written agreements requiring two holding companies to serve as sources of strength for their community banks.

Despite richer returns available further out on the yield curve, large banks have generally not shifted toward long-dated securities, according to regulatory data.

Thomas E. Wiseman, president at Ohio Valley Banc Corp. (OVBC), will add chief executive to his title.

Piraeus Bank, plagued by the debt crisis in Greece, has hired KBW to shop its U.S. bank, according to industry sources.

Expatriates of Somalia threaten to close their accounts at U.S. Bancorp and Wells Fargo unless the banks wire their money to suffering family members back home. But the big banks, and others in the industry, say federal rules make it too hard to offer the service.

The best way to stave off regulatory excess in the wake of a financial crisis is to stop causing crises in the first place. More restraint on financial institutions' part could help.

Jay Sidhu says Customers Bancorp, a Wyomissing, Pa., company could also revisit its now-delayed IPO by the end of the year.

Why stop at just one digital wallet? American Express plans to allow users of its digital wallet, Serve, to link their account to another digital wallet, Isis, a venture of several U.S. carriers.

ROCKVILLE, Md. — Branchless-Realtors FCU, billed as the first virtual credit union when it was chartered by the National Association of Realtors three years ago, is throwing in the towel and plans to merge into Northwest FCU, the $2.2 billion credit union in nearby Herndon, Va.

The Consumer Financial Protection Bureau wants banks to collect all customer complaints in one unified, companywide database, a lawyer at Santander's Sovereign Bank said on Thursday morning.

Chris Peterson recently suggested cities should require payday lenders to describe themselves as "predatory" on storefront signs. Now he's a senior counsel to the CFPB.

The agency is working on rules to make home lending more transparent – and on a lot of other things too.

Meta Financial Group (CASH) in Storm Lake, Iowa, announced Thursday that it has raised $13.2 million in three separate private placements and that the proceeds would be used to beef up its capital reserves and fund growth at both its retail bank and payments unit.

After benefiting from the acquisition of a failed bank in 2011, First Citizens BancShares’s (FCNCA) first-quarter earnings were down more than 42%, to $35.5 million, from a year earlier.

The Consumer Financial Protection Bureau detailed rules Wednesday that would impose new limits on origination points and fees, and prohibit certain kinds of originator compensation.