Bankers are worried that a new proposal will allow Farm Credit institutions to invest in non-farming businesses. The Farm Credit Administration denies those claims, stating that the proposal is designed to comply with the Dodd-Frank Act.

Flagstar Bancorp in Troy, Mich., which has been under pressure from regulators in recent months, has hired a new chief financial officer.

The ousted founders of CertusBank in Greenville, S.C., have filed a new lawsuit against a hedge fund investor.

Two Native American tribes have dropped their federal lawsuit against the state of New York that claimed its' campaign against payday lenders violated their rights as sovereign tribes.

Trinity Capital in Los Alamos, N.M., will restate earnings for 2009 and has determined that its financial statements going back to 2006 can no longer be relied upon.

ConnectOne Bancorp in Englewood Cliffs, N.J., has appointed Mark Santasieri chief credit officer.

Freedom Bank of Virginia in Fairfax plans to raise $4 million by selling common stock.

Capital One plans to lay off 111 employees in Houston, as it looks to consolidate back-office jobs responsible for deposit processing.

Banks are hiring armies of lawyers, accountants, compliance consultants and IT vendors as they prepare to comply with the Volcker Rule. Ironically, their attempts to fortify themselves with outsourced knowledge could expose them to more operational risk.

Until U.S. authorities can prove they have a better idea about how to provide short-term, small-dollar loans and other alternative financial services to people in need, they should stop trying to drive from business the lawful companies working to serve this market.

Bitcoin merchant services provider BitPay added support for contactless Near Field Communication payments through its new Bitcoin Checkout App, eliminating several steps in its payment process.

JPMorgan Chase & Co. (JPM) said it faces a U.S. criminal probe into foreign-exchange dealings and boosted its maximum estimate for "reasonably possible" losses on legal cases to the highest in more than a year.

Banco Santander SA said third-quarter profit rose 52%, beating estimates, as charges for bad loans dropped in Spain and earnings climbed in the U.K. and Brazil.

Thomas H. Lee Partners and Warburg Pincus are selling the rest of their stock in Umpqua Holdings in Portland, Ore.

Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy Hampden Bancorp in Springfield, Mass.

Collection industry giant NCO Financial System's parent company Expert Global Solutions (EGS) announced Monday it has closed a previously announced deal to sell several business segments to a private equity firm.

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

Community bank investor Kenneth Lehman is seeking regulatory approval to buy nearly half the shares in Village Bank & Trust Financial in Midlothian, Va.

WASHINGTON — Federal regulators released a document summarizing their general findings from recent cybersecurity assessments at community-size financial institutions.

Banks, which once hoped that restaurant discounts and other card-linked offers would replace much of their lost debt swipe fee revenue, now have diminished expectations for the business.