The chief financial officer of Huntington Bancshares (HBAN) in Columbus, Ohio, has left to take the same position at KeyCorp (KEY) in Cleveland.

Ally Financial (ALLY) agreed to pay $2.1 billion to avoid lawsuits by unsecured creditors of the auto-lender's bankrupt mortgage unit, Residential Capital, according to a court filing today.

Chemical Financial in Midland, Mich., has filed a shelf registration that allows it to sell up to $100 million of securities over time.

General Electric is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business.

A turn towards small local Bitcoin exchanges could keep the digital currency out of trouble while preserving the self-sufficient ethos of the Bitcoin community.

Mortgage processor Lender Processing Services is reportedly in talks to be acquired by title insurer Fidelity National Financial and private equity firm Thomas H. Lee Partners in a $2.9 billion deal.

Don Kimble, Huntington’s CFO since 2004, is joining another financial institution, the $56 billion-asset Huntington said Wednesday. The other institution was not named.

Sales of previously owned homes edged up 0.6% in April from the month prior and there was a noticeable increase in homes coming on the market.

Private-equity groups are looking to cash out their bank holdings given the bullish stock market and bearish outlook for banking. But few will double their money like Warburg Pincus did with its investment in Webster Financial.

U.S. credit card customers have become so diligent in making their payments that some are beginning to wonder whether the industry has entered a prolonged era of low chargeoffs and low delinquencies.

Flagstar Bancorp, the Michigan lender rescued by MatlinPatterson Global Advisers in 2009, is considering a sale of the collection rights on more than $70 billion in mortgages, people with knowledge of the matter said.

eBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.

Attendees at the Bitcoin2013 conference were excited about the technology's potential to disrupt the payments business – specifically micropayments, international remittances and charitable giving.

The most effective housing reform would let the GSEs do what they do best: act as a conduit for private capital to enter the residential lending market.

A growing number of community banks are hiring consultants to negotiate core processing and IT-service contracts, which are typically among a bank's biggest expenses.

Ron Swanner, the head of South Street Financial, had talking points for every query at a tense annual meeting this week — except for, "where's the dessert?"

Regulators usually shut down banks on Friday nights to minimize disruption. However, no rule says failures have to occur on the sixth day of the week. Here is a look, in pictures, at noteworthy seizures on days other than Friday.

Commerce Bank founder Vernon Hill has lost his bid to collect more than $17 million in back pay from Toronto-Dominion Bank, which bought Commerce in 2007.