Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

A friendly rivalry in Oregon turned nasty when a tiny bank tried to acquire a neighbor through a seldom-used maneuver: the hostile takeover bid.

While the formation of the Financial Stability Council is meant to help regulators put an end to "too big to fail," many are wondering if the panel itself will prove too big to manage.

Central Pacific Financial Corp. in Honolulu posted a second-quarter loss of $16.1 million, as credit problems remained high but subsided from a year earlier.

While the formation of the Financial Stability Council is meant to help regulators put an end to "too big to fail," many are wondering if the panel itself will prove too big to manage.

Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

TriCo Bancshares of Chico, Calif., reported a 48% decline in second-quarter net income from a year earlier. TriCo said Thursday it had net income of $1.2 million, or 8 cents a share, compared with $2.5 million, or 16 cents a share.

TIB Financial Corp. of Naples, Fla., said its net loss nearly tripled in the second quarter as it awaits a takeover by North American Financial Holdings Inc.

A friendly rivalry in Oregon turned nasty when a tiny bank tried to acquire a neighbor through a seldom-used maneuver: the hostile takeover bid.

An estimated 389 different collection agencies and creditors were sued citing consumer statute violations in the first half of July, according to data from U.S. District Courts.

Premier Financial Bancorp Inc. can't pay dividends without approval from regulators and must bolster its board oversight after the Federal Reserve took enforcement action against the bank Friday.

Two debt buyers reported July 29 that second-quarter profits topped Wall Street expectations.

TEXAS CITY, Texas – AMOCO CU has opened a new branch in the town of Friendswood, the $535 million credit union’s fifth in the area.

Debtholders battling with community banks over recapitalization plans have clearly scored a victory — but will it be a win-win?

Taylor Capital Group Inc. of Chicago on Thursday posted a much wider second-quarter loss than analysts expected, which it said stemmed from asset-quality problems and a one-time charge for raising capital.

WASHINGTON — Though Congress consented to industry requests to extend a program that provides unlimited deposit insurance coverage for non-interest-bearing checking accounts, hard questions remain about how the extension will be implemented.

NEW ENGLAND

For-profit companies that sell debt relief services by telephone, as of Oct. 27, will not be able to charge a fee before they settle or reduce a customer’s credit card or other unsecured debt, according to a new rule approved and announced July 29 by the Federal Trade Commission.

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Sun Bancorp Inc. in Vineland, N.J., reported a second-quarter loss of $81.2 million, which it attributed primarily to a goodwill impairment charge of $89.7 million.