Banking

Westby Co-Op Credit Union in Wisconsin has agreed to buy the deposits and loans of a Walmart branch from Citizens Community Bancorp (CZWI) in Eau Claire, Wis.

Signature Bank (SBNY) in New York has drawn a team of four bankers away from Amalgamated Capital to form a new asset-based lending group.

Sandberg's book has highlighted the need for both men and women to sponsor high potential women and encourage them to take a seat at the table.

The Office of the Comptroller of the Currency has slapped JPMorgan Chase with a cease and desist order related to the bank's debt collection practices and its failure to comply with the Servicemembers Civil Relief Act.

Wells Fargo, the biggest U.S. mortgage lender, is eliminating about 1,800 more jobs in its home-loan production business as rising mortgage rates curtail borrowers' demand for refinancing.

SAN FRANCISCO – NCUA has filed an appeal with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp.

East West Bancorp (EWBC) in Pasadena, Calif., has agreed to pay $273 million in stock and cash for MetroCorp Bancshares (MCBI) in Houston.

NewStar Financial, the Boston business lender backed by private-equity firms Corsair Capital and Capital Z Partners Management, is exploring a sale, according to people with knowledge of the matter.

Black and Hispanic mortgage borrowers had lower credit scores and higher default rates than Asian and non-Hispanic white borrowers, according to analysis released Wednesday by the Federal Reserve Board.

The Central Bank's surprise decision to continue buying mortgage bonds may not spark another refinancing boom, but it could spur more home purchases.

TD Bank is content with its branch network along the East Coast and, for now, is not interested in deals that would take it into new markets, according to its chief financial officer.

The Treasury Department will receive $91 million from its latest auction. The agency announced plans last week to auction nearly $118 million of securities from several small banks.

Bank card originations increased sharply last quarter, reaching their highest level since the financial crisis as more creditworthy customers took out new cards.

Bank CEOs John W. Allison, Ed Wehmer and David Zalman blended good-natured banter with insights on breaking the $10 billion-asset barrier, the danger of bank buyers paying too much and changing attitudes about M&A at an industry conference this week.

The year's Most Powerful Women in Banking special report contains good news and bad. On the positive side, women are making progress in the upper reaches of banking and finance. The trouble is that they still have a long way to go before achieving gender equality. The reasons are complex.

A new survey by SAP suggests consumers worldwide are embracing more complex transactions on their mobile devices.

SAN FRANCISCO – NCUA filed an appeal yesterday with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp., which both originated subprime loans packaged into mortgage-backed securities that figured into the 2009 failure of WesCorp FCU.