Open Bank (OPBK) in Los Angeles has raised $30 million in a private offering of common stock.

A federal judge has frozen the assets of an operation that swindled Spanish-speaking consumers across the U.S. by routinely sending unordered or defective products and then making it difficult, impossible or costly for consumers to obtain relief.

A former employee of the Florida Department of Economic Opportunity won a whistleblower lawsuit against the state. The case involved wrongly reporting residents to collection agencies.

House Majority Leader Eric Cantor's loss to an unknown Tea Party challenger sheds new light on the deep divisions in the Republican Party, which is ultimately likely to have a large impact on the debate over financial policy.

The Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit.

U.S. Bancorp (USB) in Minneapolis has completed its purchase of Citizens Financial Group's Charter One franchise in Chicago.

Banks can boost productivity with a number of counter-intuitive practices. For starters, they can let customers wait in line for a little while.

First National Bank of the Gulf Coast in Naples, Fla., will change its name when it becomes a state-chartered bank.

Green Dot (GDOT) has hired former American Express (AXP) executive Thien Truong as senior vice president of business development and sales.

American Express has hired Laureen Seeger as its new general counsel.

The recent proposal for the U.S. Postal Service to sell banking services invites comparisons to Walmart's equally controversial, and ultimately abandoned, 2005 bid for a banking charter. Both would-be financial industry game-changers are large and ubiquitous, but there are some notable differences.

Banking lawyers are working overtime as their employers tangle with prosecutors, regulators and private litigants in lawsuits, settlement talks and regulatory crackdowns. Here is your scorecard of legal fights over a host of issues likely to linger.

Bitcoin has come a long way from its meager beginning in 2009, when one bitcoin was worth a fraction of a penny. As its price and popularity grows, the decentralized digital currency is racking up a pretty note-worthy list of celebrity endorsers.

Our fifth annual survey shows encouraging signs for banks on the long road back to reputational redemption.

The CEO of the top-ranked brand in our reputation survey explains how the bank skyrocketed to No. 1.

From more automation and general streamlining to specific recommendations for tweaking programs, small-business lenders offer up their suggestions for the new head of the Small Business Administration.

Get ready: you're about to become a dinosaur.

Though dividend yields in the banking sector aren't what they used to be before the economic crisis, the pall is long gone. We take a look at the U.S banks and thrifts with the highest dividend yields and how the 25 largest banks rank.

Highlights from the New York Fed's small-business Credit Innovation forum.

Quotes from Jane Fraser, Corey Chambas, President Obama and other notable names speaking about the industry.