Bank of America Corp.'s Chief Executive Friday reiterated he doesn't think the bank needs to make new acquisitions.

The Monrovia, Calif., prepaid card company plans to roll out the bank account with a traditional debit card later this year, chief executive Steve Streit told American Banker.

Discover Financial Services is anticipating a joint enforcement action from the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau over the marketing of its credit card payment protection products, the company disclosed in a regulatory filing posted late Thursday afternoon.

Alliance Data Systems Corp. said Thursday that it had renewed its agreement to provide private-label credit card services to retailer Reeds Jewelers.

Green Dot Corp.'s fourth-quarter net income rose 76% from a year earlier, to $14.0 million, the prepaid card company said on Thursday evening.

SVB Financial Group's fourth-quarter net income was more than double what it earned a year earlier, at $35.6 million.

AGs and liberal groups that have withheld support for settlement are hailing the new task force announced in the State of the Union.

Walter J. Owens, the head of TD Bank's corporate and specialty lending, has left the company as part of an internal restructuring, a bank spokeswoman said on Friday.

Improved asset quality helped Boston Private Financial Holdings Inc. return to the black in 2011 despite declines in revenue.

Glacier Bancorp Inc. in Kalispell, Mont., reported higher earnings after it purged bad loans off its books.

Chemical Financial Corp. in Midland, Mich., reported that its fourth-quarter profit rose 49% from a year earlier, to $11.2 million, because a lower loan-loss provision.

Tennessee has managed to escape the downturn relatively unscathed, and hasn't had a bank fail since 2002. But a new crop of undercapitalized banks and other strugglers have put 10% of the state's banks at some risk of failure.

Cash and traditional cards are entrenched. Without rewards, the digital wallets are unlikely to make a dent.

Voice biometrics has had its share of starts and stops as an anti-fraud and authentication tool in the past decade. But a person's voice has more than 100 unique characteristics, compared with only 40 for a fingerprint, so the technology has strong potential for data security.

Columbia Banking System Inc. in Tacoma, Wash., and an aggressive buyer of failed banks, rode those acquisitions to a strong fourth quarter.

Cambridge Savings Bank joins forces with a theater ensemble to find new ways to get financial education messages across to young children.

ALEXANDRIA, Va. — The NCUA Board this morning approved the proposed merger of Tennessee's Volunteer Corporate CU with West Virginia Corporate CU, accelerating the pace of the corporate restructuring.

Brookline Bancorp Inc.'s fourth-quarter and full-year results rose despite costs associated with acquisitions.

MasterCard said Wednesday that it is testing a mobile payments system in Australia that lets the user choose whether to use a bar code or an embedded payment chip.

Valley National Bancorp in Wayne, N.J., announced that fourth quarter earnings fell after several special charges.