Banking

Citigroup said Tuesday that it plans to exit consumer businesses in 12 countries.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, swung to a third-quarter profit from a year earlier as a surprise gain in fixed-income trading helped boost revenue and legal costs narrowed.

Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials.

Doral Financial in San Juan, Puerto Rico, has prevailed in its court battle with the territory's Treasury Department over a substantial tax refund.

Anchor Bancorp Wisconsin in Madison is planning to raise up to $8.3 million from an upcoming initial public offering.

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WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.

Malvern Bancorp in Paoli, Pa., has entered into a formal written agreement with the Office of the Comptroller of the Currency.

United Community Bancorp in Lawrenceburg, Ind., said on Friday that William Ritzmann has been appointed chairman of the company and its bank.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the biggest U.S. bank will probably double its $250 million annual computer-security budget within the next five years.

The Federal Deposit Insurance Corp. has reached a settlement with former executives at the failed LandMark Bank of Florida.

First Financial Bancorp in Cincinnati has launched a new division to cater to the growing demand for specialty business banking and named Brad Ringwald the division's president.

The major instant messaging and chat room providers, including Bloomberg, Thomson Reuters, Markit and Perzo, all support compliance tools that are supposed to flag suspicious messages. Yet so much fell through the cracks.

The third quarter had fewer deals compared to the second quarter, but three fundamental attributes of normalized M&A appeared: bigger players, shorter regulatory approvals times and interest from more buyers.

Alternative lenders filling gaps left by banks continue to gain market share. TCP Capital's Raj Vig discusses the pressures in middle market lending, where looser terms are attracting regulators' attention.

The pace of home price appreciation has decelerated in recent months, but it will not result in another dip where price changes actually fall into negative territory, according to Wells Fargo Securities economists.

More than 1,000 people jailed in Spokane County, Wash. for failing to pay court-ordered fines in the past six years will benefit from a class-action lawsuit settlement valued at $350,000.

Three of the most powerful women in banking go beyond the balance sheet.

Defining your bank's limits on earnings and minimum capital requirements can help safeguard against the reckless pursuit of return on equity.

Thursday night's celebration of American Banker's Most Powerful Women in Banking turned into a call for action for companies to build a pipeline of female leaders. "If we stick to the current rate of turnover, it's going to take 75 years to reach parity," said outgoing HSBC USA chief Irene Dorner.