As banks press ahead in introducing mobile services, glitches abound. But many see phone-based banking as a game-changer as customers embrace the technology, warts and all.

A Senate panel is said to be looking into warnings by a former trader at JPMorgan Chase months before his bets ballooned into a $6 billion loss for the company.

Robert Scully, a former top executive at Morgan Stanley, said he will leave the Bank of America board when his term expires.

Add First Baldwin Bancshares in Foley, Ala., to the list of companies turning to bankruptcy as a way to stabilize banking units.

TCF Financial in Wayzata, Minn., continues to take heat over efforts to comply with U.S. laws that govern transactions with Iran.

Profits at the prepaid card issuer Green Dot (GDOT) fell sharply in the fourth quarter but still came in higher than analysts had expected.

Fifth Third Bancorp (FITB) has agreed to buy a credit card portfolio from Quad City Bank & Trust.

By and large, banks that operate in states with high deposit rates should also benefit from increased lending activity, a study finds.

Western Alliance's deal for a small industrial loan company out of bankruptcy shows that old-fashioned financial deals still have appeal for shrewd shoppers.

MasterCard's fourth-quarter earnings featured sluggish growth in the United States and more dramatic improvements elsewhere.

The Consumer Financial Protection Bureau has named Steve Antonakes as acting deputy director following the departure of Raj Date from that position on Thursday.

North Valley Bancorp (NOVB) in Redding, Calif., disclosed an error in its third-quarter earnings report that will reduce its profit by more than $1.3 million.

A once minor marketing relationship with Ravens quarterback Joe Flacco has become one of the best moves ever by Baltimore's struggling First Mariner Bank.

Lender Processing Services (LPS) will pay $127 million to settle charges by 46 states that the company forged documents that were used to foreclose on homeowners.

Brookline Bancorp (BRKL) in Boston reported higher quarterly earnings after an acquisition boosted interest income.

The edo Marketplace is designed to help small retailers reach consumers with discounts through their credit and debit cards.

The Detroit online lender recently licensed its loan origination platform to JPMorgan Chase last month and struck a co-branding deal with Charles Schwab Bank; now it is looking to grow profits by selling components of its mortgage technology to other banks.

Fees from mortgage banking and fewer troubled loans lifted First Mariner Bancorp in the fourth quarter. The $1.38 billion-asset company in Baltimore earned $1.6 million in the fourth quarter after losing $4 million a year earlier.

The biggest expansion of the banking rulebook is still on the horizon. The changes could lead to an overhaul of banking business models.

Yadkin Valley Financial in Elkin, N.C., sold a reinsurance business during the fourth quarter.