Banking

Bank repossessions of distressed homes hit a 30-month high in July, as financial institutions continue to work through the backlog of bubble-era loans.

While in talks to buy National Penn Bancshares, BB&T circulated an email to help key executives understand Pennsylvania’s prominent cultural and religious groups.

Discover Financial Services topped peers in a J.D. Power credit-card customer satisfaction ranking, ousting American Express Co. from the No. 1 spot for the first time in the survey's nine years.

Horicon Bank in Horicon, Wis., has agreed to acquire a branch in Fond du Lac, Wis., from Baraboo National Bank.

Market Street Bancshares in Mount Vernon, Ill., has completed a $15 million debt offering.

Discover Financial Services topped peers in a J.D. Power credit-card customer satisfaction ranking, ousting American Express from the No. 1 spot for the first time in the survey's nine years.

The Chicago-based online consumer lender, which focuses on borrowers with less than pristine credit histories, is getting a boost from JPMorgan Chase, Credit Suisse and Jefferies.

Illinois has amended provisions of the Illinois Collection Agency Act, including removing language about debt collectors and raising the maximum civil penalty for unlicensed practices.

Esquire Bank, a Garden City, N.Y., bank that specializes in financial services for law firms, has raised $19.1 million in a private placement of common stock.

Old National Bancorp in Evansville, Ind., has named National Guard officer Katherine White to its board.

Bankwell Financial Group in New Canaan, Conn., has issued $25.5 million in subordinated debt and it plans to exit the Small Business Lending Fund program.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Citigroup has agreed to refund $4.5 million to global markets customers who were charged excessive fees and did not receive appropriate rebates.

AJS Bancorp in Midlothian, Ill., has hired a replacement for its chief financial officer, who resigned earlier this month.

WASHINGTON – The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

New Jersey Community Bank's chairman has resigned, less than four months after he quit as chief executive of the Freehold bank.

M&T Bank's president and chief operating officer, Mark Czarnecki, has been diagnosed with pancreatic cancer and plans to remain in his role at the bank while he gets treatment, the Buffalo News reported.

Regulated by multiple agencies, marketplace lenders reduce the financial system's leverage, provide greater financial transparency and ultimately deliver a better product to consumers and investors.

Envestnet's planned acquisition of Yodlee is shedding light on how real-time data about customers' financial data can shape the future of the wealth management and financial advisory business. Jud Bergman, CEO of Envestnet, says the deal will create "an unprecedented level of engagement."

The Consumer Financial Protection Bureau has ordered Springstone Financial LLC to provide $700,000 in relief to victims of allegedly deceptive credit enrollment tactics.