Citigroup CEO Vikram Pandit has been named incoming chairman of The Clearing House Supervisory Board for 2012.

In what would be its first deal since creating a fund to invest in undervalued banks last year, bond giant Pacific Investment Management Co. is seeking regulatory approval to buy a roughly 20% stake in ECB Bancorp Inc. in Englehard, N.C.

Signature Bank, known for its aggressive business style, raised its profile further with the addition of a VIP director: Ivanka Trump.

Discover Financial Services more than doubled its third-quarter net income to $649 million, as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

CORINTH, N.Y. – Hudson River Community CU, the credit union for International Paper Co., on Wednesday broke ground on a new operations center on the grounds of its corporate sponsor.

Traditionally demand deposit account origination has followed a fairly standard process. Enter the application, check OFAC and "closed-for-cause" databases, open the account. Lather, rinse, repeat. However, with banks looking to shore up deposit account profitability in the wake of the Durbin Amendment by cutting costs and reducing fraud losses, the standard origination process just won’t do it anymore.

Sales of previously owned U.S. homes rose more than anticipated in August as investors scooped up distressed properties with cash.

The mortgage industry has seen this picture before: applications are flooding in at a pace not seen in several quarters, which means they need to staff up, but by how much?

Banks, credit card networks and technology companies like Google could be wasting money on developing mobile wallets and other smartphone payment systems. A Lightspeed Research survey found that the ability to make mobile payments is "very unimportant" to about half of credit card customers with smartphones.

Months after a Fed report on executive compensation at banks was expected to be released, Rep. Lloyd Doggett seeks answers.

The era of extraordinary government support for U.S. mega banks in crisis is ending, Moody's says. Welcome to the era of just ordinary government support.

Great Southern Bancorp Inc. in Springfield, Mo., said Wednesday that had repurchases a series of warrants held by the Treasury Department as part of the Troubled Asset Relief Program.

Yields on Fannie Mae and Freddie Mac mortgage securities that guide home-loan rates tumbled relative to Treasuries after the Federal Reserve said it will reinvest proceeds from past purchases of housing debt into the bonds.

American Banker editors discuss the Consumer Financial Protection Bureau's funding and structure.

The Fed launched "Operation Twist," agreeing to sell $400 billion in short-term Treasuries in exchange for longer-term holdings by next June to help bolster U.S. economy.

Chief executives of small banks discuss efforts to find new sources of non-interest income and cuts costs at a recent industry conference.

When fraud happens, consumers complain constantly — to their banks, to their friends, and to anyone on the Internet who will listen. BillGuard, a New York company founded last year, pools these complaints to help flag fraudulent transactions that affect multiple consumers at once.

BB&T, which took over Colonial Bank after it was seized by regulators, is now asking one of those authorities, the FDIC, to protect it from a $300 million suit brought by creditors of the Alabama bank's former parent, Colonial BancGroup.

Moody's Investors Service downgraded Bank of America Corp.'s and Wells Fargo & Co.'s long-term ratings and the short-term ratings of Citigroup Inc., finishing a more than three-month review by saying it believes the U.S. government is less likely to support the banks if needed.

Britton & Koontz Capital Corp. in Natchez, Miss., said in a regulatory filing Wednesday that it was amending its previous financial statements for the three- and six-month periods that ended June 30.