In the wake of Standard & Poor's downgrade of U.S. government debt on Friday, fears about capital markets exposure are now taking precedence over mortgages and cancelling out the perceived safety that investors normally ascribe to the largest banks.

The yield on the benchmark 10-year Treasury fell to 2.35% Monday morning, nearing its all-time low as stocks sold off in the wake of S&P's historic debt downgrade on the U.S.

TransUnion Corp. on Monday reported revenue of $257.5 million for the second quarter ended June 30, an increase of 8.5% compared to the year-ago period.

NCO Group Inc. announced Monday that Steve Leckerman, executive vice president and chief operating officer, will be leaving the company to pursue other opportunities.

The founder and part owner of appraisal management vendor AppraiserLoft resigned as CEO last week, saying he wants to pursue new business ventures in mobile technology application development.

Banks are beginning to customize overdraft limits based on individual customer's ability to pay.

First BanCorp of Puerto Rico reported a smaller second-quarter loss than it did a year earlier, due in part to a smaller loan-loss provision and a pair of special gains.

PE firm Gores Group unveils its payments reader strategy for Hypercom's U.S. payments terminal business

TALLADEGA, Ala. – After 14 years, First Educators CU is moving its branch here out of the basement in the county’s education offices to a new home.

WASHINGTON - Two failures Friday evening cost the Federal Deposit Insurance Corp. an estimated $160 million.

Bank of America Corp., which announced a $3 billion settlement with Fannie Mae and Freddie Mac this year, told investors that elevated claims from Fannie and Freddie may cost more than previously forecast.

Thieves made off with personal information of 92,408 Citigroup Inc. credit card customers in Japan and sold the data to third parties, the bank said Friday.

A coalition of bipartisan lawmakers, aided by industry and housing groups, faces an uphill battle to extend the increase against unlikely allies: House Republican leadership and the White House.

Wells Fargo & Co. was accused in a group lawsuit of ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them.

The board at Cardinal Bankshares Corp. responded Thursday to a series of demands by Douglas Schaller, rejecting the activist shareholder's assertion that the company should sell itself.

With its coffers at capacity, the capital-flush Cincinnati company said recently it would raise its dividend to equal 100% of its quarterly earnings.

Banks face a big challenge in performing the high degree of analysis required under new security rules for payments initiated online. National Penn Bancshares claims to have had significant success fighting fraud using technology and human interaction.

The buzz word "duplicative" has been making the rounds lately, employed by watchdog groups and politicians to describe government programs which overlap and offer redundant services at taxpayer expense.

Forget the crumb of good news in the jobs report. The economy is getting worse, not better. It's time to waive the white flag and lower your price tag unless you are a strong bank.

BancorpSouth Inc. said late Thursday that it is selling a pair of Texas branches to First National Bank of Hughes Springs in Texas.