United Community Financial in Youngstown, Ohio, has begun a $42 million capital raise.

JPMorgan Chase & Co. said fourth-quarter profit rose 53%, beating analysts' estimates as record low interest rates fueled mortgage lending.

Bank of New York Mellon Corp., the world's largest custody bank, said fourth-quarter earnings rose 23% as higher client assets boosted revenue.

Thomas Candillier, the Paris-based head of European cash equity sales at JPMorgan Chase, has died at the age of 37.

Bank of America (BAC) has promoted a veteran executive to lead its commercial banking business as part of its latest shuffle of senior managers.

Fulton Financial (FULT) in Lancaster, Pa., reported a bump up in profit in the fourth quarter despite declines in interest income.

Alvin Kang, CEO of BBCN, is said to have resigned after a disagreement with his board. His departure could clear the way for a deal for Hanmi Financial and raises the prospect of industrywide succession fights as banks consolidate.

Credit card delinquencies fell across the board at the Big Six issuers in December, reversing the deterioration during the fall.

Sandra Thompson, The Federal Deposit Insurance Corp.'s supervision chief for the last seven years, is stepping down.

Community State Bank, of St. Charles, Mich., has agreed to open a loan office in Saginaw, Mich., to settle a Justice Department lawsuit alleging it discriminated against African-Americans.

The holding company for the $226 million-asset GulfShore Bank has so far pulled in $1.6 million from local investors in an offering that began on Dec. 31.

Dodd-Frank required mortgages with higher rates to face greater appraisal demands, but regulators have expanded the loans granted exemptions in a new final rule.

Regulatory changes to the 1099-B, 1099-K and 1042-S forms, intended to help reduce the $450 billion tax gap, will make it much more difficult to avoid penalties and tricky customer service issues.

The Consumer Bankers Association is warning banks that they will face challenges booking loans while also competing with nonbanks in areas such as prepaid cards.

The new app gives users access to a Green Dot savings or checking account on their iPhone or Android, with fees optional.

The full story on JPMorgan Chase's London Whale fiasco may soon be coming to light.

After spending the last few years paying down debts, consumers appear ready to increase their borrowing again, lenders say.

Smaller institutions are following the lead of bigger banks, which is presenting buying opportunities for CEOs like Bristol County Savings Bank's Pat Murray.

Commerce Bancshares (CBSH) in Kansas City, Mo., posted stronger quarterly results because of higher card fees and loan volume.

The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards.