Latin American banks are eager to expand in South Florida, but there are few banks in Miami that can provide immediate heft. As a result, even the city's smallest banks could spark bidding wars if they choose to sell.

Congress is pushing ahead with legislation aimed at requiring financial institutions to share information about cyber threats. Banks are pushing back, however, over fears that they'll get caught between new disclosure requirements and demands that they protect customers' privacy.

Allstate, the largest publicly traded U.S. home and auto insurer, dropped a lawsuit in which it accused Citigroup of fraudulently selling hundreds of millions of dollars of mortgage-backed securities.

Delanco Bancorp in N.J. (DLNO) said Wednesday it would reorganize itself from a mutual holding company structure via the sale of stock in a new company to be formed in connection with the conversion.

The Troubled Asset Relief Program will cost taxpayers less than expected.

The U.K. Help to Buy guarantee program provides a good example of how a private-public risk-sharing arrangement could be structured among mortgage insurers, lenders and the government.

Sallie Mae (SLM) is seeking to separate its education loan management and consumer banking businesses into two publicly traded entities.

Bank of Montreal, Canada's fourth- biggest lender, posted second-quarter profit that missed analysts' expectations after taking charges tied to cost-cutting and its takeover of Wisconsin lender Marshall & Ilsley Corp.

The banking industry earned a record $40.3 billion in the first quarter as rising noninterest income and the continued drop in loss provisions made up for declines in interest-related income, the Federal Deposit Insurance Corp. said Wednesday.

Skowhegan Savings has agreed to buy five branches from fellow Maine lender Camden National Corporation.

JPMorgan Chase named former U.S. Treasury Department official Darius Kingsley as co-general counsel of mortgage banking.

RALEIGH, N.C. – State Employees’ CU announced this morning it has signed with Diebold to update and replace more than 1,100 ATMs, the biggest ATM fleet owned by any credit union.

TRAVERSE CITY, Mich. – Traverse Bay Area CU plans to build its new headquarters at a site contaminated by a former gas station.

Citigroup has agreed to settle a lawsuit by the federal government that charged the bank with misleading investors in the run-up to the mortgage meltdown.

Momentum is building on both sides of the aisle for significant reform of mortgage giants Fannie Mae and Freddie Mac. American Banker staffers discuss what's behind the Senate's rare show of bipartisanship.

A decade after changing its name to reflect a broader geographic reach, ISB has reverted to its former name, Ixonia Bank.

A Chilean bank's plan to keep the Miami bank intact is a better outcome for the market than a sale to an existing regional bidder, industry observers say.

JPMorgan Chase (JPM) has hired Travis Machen from Morgan Stanley (MS) to run a group that provides banking for financial institutions.

The long-held notion that community banks, by definition, provide exceptional customer service is getting debunked.

The credit rating agency on Tuesday changed its outlook on the U.S. banking system to stable from negative, citing an improving economy and strengthening balance sheets at many institutions. Its rating on banks had been negative since 2008.