The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.

Capital One's new Quicksilver card is the latest example of a company offering generous rewards in an effort to win over more affluent consumers.

Mary Lynn Lenz, who recently became CEO of Foothills Bank, was involved with the 2010 sale of Professional Business Bank in California.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

A veteran banking regulator has been promoted to become the commissioner of Georgia’s Department of Banking and Finance.

Sussex Bancorp in Franklin Lakes, N.J., plans to sell up to $7.2 million in common stock, offering 1.2 million shares to current shareholders at a price of $6 per share.

Despite a drop in truth in lending lawsuits, industry executives fear that new regulations and the emergence of the Consumer Financial Protection Bureau could prompt a revival in disclosure-related lawsuits.

The Federal Deposit Insurance Corp. in May issued enforcement orders against eight banks and freed 14 others from prior orders as part of a series of actions released Friday.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.

Three federal agencies are competing for the gold medal in a "regulatory Olympics" over deposit advances. Their proposals would severely constrain banks from offering valuable products and assisting customers.

Huntington Bancshares said Thursday that it has forged a pact with Cleveland State University that gives its Huntington Bank the exclusive right to operate branches and automated teller machines on campus.

Provident New York Bancorp (PBNY) will raise $100 million through a debt offering.

Rep. Mel Watt defended his judgment and experience with housing issues during a hearing on his nomination to head the Federal Housing Finance Agency, but it's unclear if the performance was enough to sway Republican opponents.

The CFPB is targeting more banks in a probe of an auto-loan program for military service members. Its $6.5 million settlement with U.S. Bancorp and a third-party service provider highlights the risks in vendor relationships.

Principal Financial agreed to sell $200 million of deposits from its savings and loan unit and said the business plans to divest commercial loans as part of an effort to limit the insurer's role in banking amid greater U.S. supervision.

The strengthening economy helped, but the improvement in credit quality was also aided by the sale of poor-performing loans to servicers that are outside the federal banking system.

Too many banks still make too much money at the expense of their customers, and it is one of the biggest reasons the American public has lost faith in them.

After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.

The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.

WASHINGTON — The Federal Reserve Board will meet Tuesday to vote on the Basel III capital and liquidity rules to be applied to U.S. banks, the central bank said Thursday.