Peoples Financial Corp. in Biloxi, Miss., revised its fourth-quarter and 2011 results to record an additional $660,000 for its loan-loss provision.

Coming off its fourth-straight money-losing year, United Bank of Philadelphia is under orders from state and federal regulators to clean up its loan portfolio, improve its capital ratios and submit to regulators a detailed plan for returning to profitability.

HomeStreet Inc.'s chief financial officer is resigning at the end of the month after helping the once-battered Seattle banking company recapitalize.

The $25 billion national mortgage settlement essentially allows the five largest servicers to police themselves - which has made many consumer advocates surprisingly happy.

Mobile payments are a hard sell, even for the dominant online alternative payment provider. PayPal's approach may seem like overkill, but the company says every payment counts when trying to convince consumers and small merchants to use handheld devices.

The FDIC is holding an auction for jewelry it inherited from the failed Tennessee Commerce Bank. The bank picked up the baubles after a jewelry store defaulted.

Highlands Bankshares Inc. in Petersburg, W. Va., will combine the roles of chairman and chief executive in May.

MetroCorp Bancshares in Houston has revised its fourth-quarter earnings to reflect a $3 million goodwill impairment charge relating to a drop in its market value.

The Federal Housing Finance Agency moved Thursday to restrict home builders from imposing a controversial fee on property transactions that critics call unfair to home buyers.

First Mariner Bancorp Inc. in Baltimore is looking to grow its mortgage business even as it continues to deal with elevated levels of loan losses and a shrinking balance sheet.

The next generation of consumers may forgo outdated tools like a computer mouse — a move that could have critical implications for bankers.

James Goodnight is a big-time executive who knows "big data" and all the buzzwords that preceded it — and, he says, so do bankers.

NEW YORK — A federal appeals court has raised concerns about a lower court's decision last year to reject a $285 million civil settlement between the U.S. Securities and Exchange Commission and Citigroup Inc.

Last year, for the first time in anyone's recollection, there were no new bank charters approved, with the exception of three specifically blessed to acquire failed banks.

Citigroup has renewed a long-term deal to continue issuing private-label credit cards for Citgo Petroleum Corp., the bank said Thursday.

A trade group representing bank boards says directors have become "overwhelmed" by rules and regulations and is urging banking agencies and Congress to quickly take steps to ease their burden.

The Treasury Department in 2010 took a massive haircut on its investment in Pacific Capital and now stands to make roughly 90 cents on the dollar from the bank's sale to UnionBanCal. It's a reminder that taking your lumps early on problem assets can be beneficial.

Congress should repeal Sarbanes-Oxley to increase the flow of equity capital to micro- and small-cap public companies. Lawmakers also must increase the allotment for the SBA 7(a) program and guarantee it exists for the next three years.

A securities class-action lawsuit against Wilshire Bancorp Inc. in Los Angeles has been dismissed after the plaintiffs failed to file an amended complaint in the case.

Despite strong asset and deposit growth, First PacTrust Bancorp Inc. swung to a loss in the fourth quarter as the Irvine, Calif., company sharply increased its loan-loss provision to reflect both a surge in total loans and an increase in impaired loans.