The lenders allegedly forced homeowners to purchase flood insurance in excess of legal limits and received commissions from the sale of the policies.

GFA Federal Credit Union in Gardener, Mass., has completed its acquisition of Monadnock Community Bank.

A partnership with BluePoint Finance is designed to provide funding to small businesses and municipalities looking to cut energy costs.

The President's nominee for the No. 3 job at the Justice Department would face tough questions from congressional Republicans over an issue critical to banks.

Washington's budget deal contained mixed news for banks; HSBC sought to downsize it branches; and rivals pushed ahead with efforts to replace bricks and mortar with phones and cameras.

The Treasury Department has threatened to punish JPMorgan for failing to turn over documents to regulators investigating the bank's ties to Bernard Madoff's Ponzi scheme.

A number of community banks have disclosed plans to increase salaries and compensation for top executives.

A philanthropy watchdog group blasted four of the nation's biggest banks on Thursday for what it called their lackluster charitable-giving programs.

BankFinancial in Burr Ridge, Ill., has followed through on plans to cleanse its balance sheet of troubled assets.

Georgia Commerce Bancshares raised $25.5 million to fund potential acquisitions around Atlanta.

Northfield Bancorp (NFBK) in Avenel, N.J., has moved one step closer to becoming a fully public company.

Overaggressive growth, reliance on commercial real estate lending and use of brokered deposits were strategies common to banks that failed in the crisis, a government report said Thursday.

The British company is building smaller branches as it refocuses on trying to bank wealthy, international customers, U.S. retail chief Kevin Martin says.

CEO Trevor Burgess believes that targeting professionals will allow C1 to compete in a market dominated by larger banks.

Large numbers of yield-hungry banks have gorged on municipal bonds, and the industry’s overall holdings of the paper have edged up.

Treasury Secretary Timothy F. Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Republicans haven't reached an agreement to raise the debt ceiling, according to two people familiar with the matter.

FNB United in Asheboro, N.C., will introduce a new brand for its CommunityOne Bank next month as part of its integration of Bank of Granite.

Borrowers whose loans back commercial mortgage securities are continuing to repay more of their loans on time.

TD Bank (TD) is about to remind residents of Manhattan's East Village neighborhood they no longer live in a capital of cool. The $822 billion-asset bank has leased 4,300 square feet of ground-floor space in a building being built on the site of the former Mars Bar

Securitization is essentially a financial production factory. Consistency in the manufacturing process, which minimizes defects and hence promotes investor interest in the product, would allow the business to prosper again.