Regulation

International Bancshares Corp. in Laredo, Texas, announced Thursday that it is closing 55 grocery store branches in response to legislation that will cap what banks can charge merchants for debit card transactions.

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

At year end 2010 Bank of America had $2.3 trillion in assets, $230 billion of capital, 57 million customers, ranked among the top firms in nearly every major growth market in the U.S., employed 288,000 people, made $150 billion of community development loans a year, donated $200 million to charity annually, and was one of the largest home lenders in the nation.

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

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.

More than a year after the Dodd-Frank Act was supposed to put the issue to rest, the question of whether "too big to fail" still exists is once again consuming the financial services industry.

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.