European banks plan to sell $109 billion of bad debt in 2015 to reduce costs and rebuild their balance sheets, according to a PricewaterhouseCoopers LLP report.

Poage Bankshares in Ashland, Ky., has named Daniel King 3rd as its chairman.

Ontario Systems has expanded its Compliance Consulting Services to offer an enhanced scoring model called OntarioComply that analyzes more than 225 compliance obligations.

A federal class-action lawsuit alleges credit bureau TransUnion illegally charges $10 before it places security freezes on the files of people who are dealing with identity theft.

AmeriServ Financial in Johnstown, Pa., has a new chief executive.

Ocwen Financial Corp. agreed to sell servicing rights on a $25 billion portfolio of home loans and said it's out of compliance with New York Stock Exchange listing standards.

Three major credit agencies are overhauling the way they resolve disputes and report unpaid medical debt. That’s a good start, but the best way to wipe out credit-reporting errors is to encourage Americans to review them regularly.

Carolina Alliance Bank in Spartanburg, S.C., has agreed to buy PBSC Financial in Greenville, S.C.

The city of Yonkers, N.Y., has amended its Consumer Protection Code to include revised requirements for debt collection agencies.

While many small banks are hoping Congress will grant regulatory relief this year, mutual institutions are seeking two specific changes they hope can bolster their struggling business.

Community Bank Shares of Indiana in New Albany has registered to sell stock on behalf of several investors.

Metro Bancorp has a little more breathing room after an activist investor withdrew one of its two nominees for the Harrisburg, Pa., company’s board.

The design of Square Cash's new "$Cashtag" system may seem like a cutesy move to appeal to more consumers, but the underlying changes to the app show that Square's new focus is all business.

Banks' profits from corporate banking are shrinking, as margins have tightened, a new study shows. But they can still win market share by cross-selling and offering tailored products.

Ultra-high-net-worth investors can have complex needs. That's why family historians and psychologists are on staff at Abbot Downing, the wealth-management business founded by Wells Fargo to serve investors with $50 million or more.

The $1.1 billion-asset company filed a shelf registration with the Securities and Exchange Commission late last week that will allow it to sell securities and issue debt.

Regulatory approval of Primary Bank in New Hampshire does not make a trend, but observers are hopeful it signals a more promising near future for the chartering of new banks.

Sterne Agee's investment bank was among the most active last year, handling 18 deals. But the parent company's pending sale is leaving observers wondering what will happen to the people who shepherded those transactions.

BBVA Compass has selected Kony Inc.'s application design platform as it looks to create some new mobile banking applications, according to a March 23 press release.

U.S. Sen. Sherrod Brown, D-Ohio, announced his ongoing co-sponsorship of legislation aimed at allowing people with outstanding student loan debt to refinance at the lower interest rates offered to new borrowers. The measure has resurfaced in the 114th Congress.