IMGCAP(1)]

Bank of America's legal woes deepened Tuesday, as U.S. Bank filed suit over soured home-loan bonds and a flurry of investors said they might object to a high-profile mortgage-bond settlement.

The banking industry is reeling from a slowdown in the economy that could last years and layoffs in this industry will be severe. Bank of America leads the list with announcing that it will lay off 10,000 employees and UBS is geared to lay off 3,500, however, this round of layoffs will touch not only the large banks, but also community and regional banks.

Sun Bancorp Inc. in Vineland, N.J., announced Tuesday that it has filed a shelf registration statement with the Securities and Exchange Commission seeking approval to raise up to $150 million that it could use to fund future growth.

Heartland Financial USA Inc. in Dubuque, Iowa was approved for up to $81.7 million in the Small Business Lending Fund, the largest amount publicly announced.

The Federal Reserve Bank of Chicago has ordered CB Holding Corp. in Aledo, Ill., to serve as a source of strength for its struggling bank unit, Country Bank.

Mobile payment venture has made many partnership announcements and its telecom members are sinking $100 million into the project. But when will it have a real-world product ready?

MidSouth Bancorp Inc. has long said that pricing has been to irrational in M&A. News that interest rates will stay low, however, may force an inflection point for sellers.

Its purchase from FIA Card Services is part of a broader trend of banks taking back management of their cards.

One of my mantras over the past few years has been that as our industry becomes more technology-driven and our products and services more commoditized, our people become more important, not less.

ATM manufacturer Diebold Inc. has developed technology to centralize its ATMs’ computing power, thereby improving security and cutting ATM-maintenance costs for clients.

The average U.S. bankcard charge-off rate dropped sharply in June, registering the second-largest monthly decline since the Bankruptcy Reform Act took effect in 2005, according to the latest data from Fitch Ratings Inc.

U.S. Bancorp asked a New York court to force Bank of America Corp.'s Countrywide Financial unit to repurchase more than 4,000 loans in a mortgage pool to repair breaches of contract related to improper underwriting.

Fresh off its initial public offering of common stock, real estate listing and mortgage rate search website company Zillow posted its first ever quarterly profit since its launch in 2006.

Airlines are investing in technology improve security in an area TSA checkpoints don't cover: credit card fraud.

Waccamaw Bankshares Inc. in Whiteville, N.C., has until late September to file certain financial statements with the Securities and Exchange or else its thinly traded stock could be removed from the Nasdaq exchange.

As part of its ongoing effort to bolster its capital base, embattled Capitol Bancorp Ltd. is selling its ownership stake in an Ohio bank it co-founded to a group of local investors.

MidSouth Bancorp Inc. said Tuesday it will buy First Louisiana National Bank for $11.5 million in cash and 725,000 shares of common stock.

Fannie Mae has agreed to settle multimillion-dollar claims brought by several of the biggest victims of the massive CU National Mortgage scandal, more than two years after the fraud brought down the largest independent mortgage wholesale provider to credit unions.

BROCKTON, Mass. – Boston Bruins Stanley Cup-winning defenseman Dennis Seidenberg is scheduled to appear at the grand opening of Crescent CU’s newest branch here Sept. 10.