Fitch Ratings may cut Bank of America's viability rating one notch if certain concerns regarding the company's exposure to the residential mortgage business are worse than what the ratings agency expects.

State regulators closed three banks along the East Coast late Friday afternoon: Blue Ridge Savings Bank in Asheville, N.C.; Piedmont Community Bank in Gray, Ga.; and First State Bank in Cranford, N.J.

Under pressure from investors to improve its performance, HF Financial Corp. in Sioux Falls, S.D., announced Friday that it is replacing its longtime Chairman and Chief Executive Curtis L. Hage, effective immediately.

Many smaller institutions note a spike in activity, and are responding with special offers and tech investments.

L.A. team produces hilarious parody of Warren's populist candidacy, and the portrayal of the creator of the CFPB may help the Massachusetts Senate candidate.

Citigroup Inc. appointed company director Michael O'Neill as chairman of the board overseeing Citibank NA, its primary banking subsidiary.

Citigroup Global Markets Ltd. is facing a lawsuit seeking to claw back $130 million in redemption payments it received from Fairfield Sentry Ltd., the biggest feeder of investor funds into Bernard Madoff's massive Ponzi scheme.

Huntington Bank's chief digital officer Jeff Dennes shares a glimpse of his mobile banking technology strategy.

Sellers of leveraged bank loans want to draw institutional investors into an arena in danger of losing its traditional buyers.

Dickson Chu, global head of digital networks and mobile for Citi, promoted an anti-ISIS, pro-Google Wallet attitude at the BAI Retail Delivery Show this week.

First BanCorp. in San Juan, Puerto Rico said it had brought on as its nonexecutive chairman Roberto Herencia, who had been the president and chief executive of Midwest Banc Holdings in Melrose Park, Ill., from 2009 to 2010.

BancFirst Corp. in Oklahoma City reported a third-quarter profit of $12.6 million, up 6.7% from the same period in 2010. Earnings per share rose 8%, to 81 cents, beating consensus analysts' estimates by nine cents.

Buoyed by improved asset quality, Webster Financial Corp. in Waterbury, Conn., said Friday that its third-quarter profit more than doubled from the same period last year, to $41.5 million.

With e-commerce becoming a bigger target for payment data theft, Global Payments is adding another set of fraud-detection tools to help its merchant clients fight back.

The board of Cardinal Bankshares in Floyd, Va., issued a letter defending the company and management after an activist investor threatens to defy the establishment.

Bank of America Corp. is beefing up its wealth management team by hiring more than 80 financial advisers in the metro Northwest region.

Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with 7-Eleven Inc.

JANESVILLE, Wis. – First Community CU in Beloit has acquired a branch that had housed Evergreen State Bank, which was shut down by regulators in January.

In less than a year, the insurance giant has gone from aiming for the top five in home lending to putting its origination business on the block.

Independent ATM operators are launching a new legal strike against Visa Inc. and MasterCard Inc., seeking to toss out standardized access fees imposed by the companies.