Bank of America Corp.'s plans to charge its customers for using debit cards will help boost the bank's credit card business, according to U.S. Sen. Dick Durbin, D-Ill.

Banks have had a hard time gaining much more business from "mass affluent" customers, who generally have between $50,000 and $1 million in investable assets. But now Bank of America Corp. and others are hoping to succeed where their rivals have stumbled.

In hinting that the consumer bureau should look at B of A's $5 debit card fee, Obama has solidified bankers' worst fears about the CFPB.

Word that a banking pool had returned its money to investors prompted our assistant managing editor to take a second look at the state of banking. The answers are discomforting.

All of the bank-bashing I've witnessed in recent months has me reflecting on one of my favorite Buffett lines. I'm talking about Jimmy, not Warren.

Lack of contactless payment technology in the iPhone 4S expected to depress prospects for the NFC-enabled phone market and therefore the overall prospects for mobile payments this year.

Texas Exchange Bank in Crowley, Texas, said Tuesday that it had expanded into two cities to meet an increasing demand for commercial loans.

Tennessee Valley Financial Holdings Inc. in Oak Ridge agreed to serve as a source of strength to its $173.3 million-asset TNBank, which has been operating under a consent order with it regulators since April 21.

Many bankers believe issues with classified loans are limiting them from making loans or pursuing acquisitions.

Federal Reserve governor Sarah Bloom Raskin on Tuesday pressed for changes in mortgage servicing agreements to encourage more workouts of troubled loans.

Opus Bank said Tuesday that it had moved its headquarters 40 miles southwest to Irvine, Calif., from Redondo Beach.

Codorus Valley Bancorp Inc. in York, Pa., disclosed in a regulatory filing Tuesday that it expects to report a profit for the third quarter despite issues with a large commercial loan.

Dave Hoffman of PricewaterhouseCoopers explains why service levels are so inconsistent in U.S. retail banking, and how that might change in the coming years.

American Banker's Rob Blackwell explains why lenders may learn to love the agency's forthcoming mortgage disclosure rules.

First Financial Holdings Inc. in Charleston, S.C., said Monday that it has completed its sale of its managing general insurance agency subsidiary to Burns & Wilcox Ltd. of Farmington Hills, Mich.

An investigation by the Office of Inspector for the Federal Housing Finance Agency says the agency had information as early as 2009 about potentially abusive foreclosure practices, but did nothing to investigate them.

Plaintiffs attorneys suing banks over the alleged manipulation of overdraft fees have won some impressive victories in court, but gotten far less positive attention out of court. Now a former colleague is objecting to the class action attorneys’ settlement with Bank of America.

Understanding the management of Bank of America is now next to impossible. What makes them want to anger 50 plus million solid retail customers while their entire operation is in damage control? Five million customers from the bank I headed joined this group when B of A acquired it in 1992.

FORT WORTH, Texas – Unity One CU is opening a new student-run branch Friday at Fossil Ridge High School here.

After several weeks of negotiations, Bank of America and Fortress Investments have ended talks over the bank selling its correspondent mortgage division to the publicly traded investment fund.