State and federal authorities held a press conference to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.

First Financial Service has agreed to sell four of its branches in Indiana as the Elizabethtown, Ky., company works to increase its capital ratios to meet a consent order.

ECB Bancorp Inc.'s plan to raise $80 million from private-equity groups and institutional investors has been put hold because regulators have yet to approve the pact.

Freddie Mac's CEO responds to the NPR-ProPublica report that his company "bet against" homeowners.

After months of wrangling, California and New York's attorneys general have joined a settlement with the top five mortgage servicers. Final details of the plan are scheduled to be released this morning.

COLONIE, N.Y. – Capital Communications FCU’s plans to construct a four-story office building on the site of a former auto dealership got concept approval from the Colonie planning board Tuesday night.

AUSTIN, Texas – University FCU has purchased a 246,000-square-foot office building on MoPac Boulevard, where it plans to relocate its headquarters.

The gap between healthy banks and those that remain in the doldrums will fuel acquisition activity in the coming years, a Virginia investment management firm predicts.

After months of wrangling, California's attorney general is expected to join a settlement with the top five mortgage servicers, and New York may soon follow.

The Obama administration rolled out details of a new plan to help millions of homeowners refinance. For banks, the big question is how much of the tab they'll be required to pick up.

Regulators have ordered the banking unit of AB&T Financial Corp. in Gastonia, N.C., to improve its asset quality and evaluate its allowance for loan losses.

Two leading Democrats raises doubts over acting Acting Federal Housing Finance Agency Director Ed DeMarco's refusal to allow principal reductions for loans backed by Fannie Mae and Freddie Mac.

Visa posted a 16.4% increase in fiscal first-quarter profit as the credit-card processor continued to benefit from consumers' increased use of plastic while grappling with new federal rules that affect debit-card purchases.

Discover Financial Services will invest $10 million over the next five years to pay for high school students to take personal finance courses.

The simmering battle between banks and credit unions is heating up again, as credit unions revive their push in Congress to allow their industry to make more small business loans.

Visa has launched a mobile banking product with Monitise, pitting the card network against major technology vendors.

With numerous attractive institutions and robust growth markets, the state could kickstart a round of traditional deals nationwide. The only problem? Texas bankers also know they're attractive, and the most comely banks aren't interested in low-priced dates.

Credit unions are an aggressive bunch. As if their heavy-handed push to expand into prohibited business lending wasn't enough, it now seems they are adding on another power grab to increase their ability to raise supplemental capital and support investors.

Shares of NASB Financial Inc. rose more than 6% Wednesday after the Grandview, Mo., thrift company said it earned $4.9 million in the quarter that ended Dec. 31, compared to a loss of $3 million in the the same period in 2010.

Bank of America Corp. is limiting the number of refinance applications it accepts over the phone, telling borrowers who do not have an existing relationship with the bank that they may have to wait 60 to 90 days before they can get their application processed.