Americas

WASHINGTON — On the 80th anniversary of the signing of the Federal Credit Union Act, the White House delivered a message from President Barack Obama Thursday praising CUs for the "vital" role they play in the economy and in the lives of Americans.

KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.

MidFirst Bank in Oklahoma City said Thursday that it will purchase Steele Street Bank & Trust in Denver, Colo.

Metro Bancorp, once an aspiring acquirer, is fielding complaints from a trio of investment firms that believe management is incapable of meaningfully improving the company's performance.

The Pittsburgh bank held a topping-out party at its fancy new downtown headquarters this week, and Chairman and CEO William Demchak welcomed back his recent predecessor, James Rohr, with a combination of praise and humor.

New York Attorney General Eric Schneiderman has filed a complaint alleging Barclays PLC (Barclays) has deceived electronic trading investors.

Bank of America (BAC) plans to lay off 540 more mortgage employees in Charlotte, N.C.

BancorpSouth (BXS) in Tupelo, Miss., has named a new president as part of a broader redesign of its management structure by Chief Executive Dan Rollins.

ALEXANDRIA, Va. — The individual at the center of a fake Internet-based credit union and that cost investors millions pleaded guilty Wednesday in federal court here.

Simmons First National (SFNC) in Pine Bluff, Ark., must sell one branch as part of its acquisition of Delta Trust & Banking in Little Rock, Ark.