TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.

Retail strategy firm Peak Performance Consulting has welcomed two former banking execs to its team.

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

Banks are assuming greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management.

Bank of America (BAC) and insurer MBIA (MBI) may be nearing a resolution of their longstanding squabble over securities backed by residential mortgages.

Discover Financial Services (DFS) announced Thursday that James Roszkowski has been named president of Discover Bank.

Small-business owners are likely to pull back on purchases of computers, machinery and other long-term investments in 2013, according to a survey released Thursday by Wells Fargo (WFC) and Gallup.

Synovus Financial in Columbus, Ga., has sold roughly $530 million of problem assets and expects to take a pretax charge of $155 million tied to the move.

Citizens Bank of Edmond in Oklahoma and BBCN Bancorp in L.A. rewarded workers by letting them film "Gangnam Style" videos — and customers and YouTube watchers dug 'em.

Consumers disputed up to 38 million items on their consumer credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.

PORTSMOUTH, N.H. – Service CU a 13-foot Globe Sculpture outside its new 100,000 square-foot headquarters to President/CEO Gordon Simmons at the conclusion of their grand opening ceremonies Tuesday

COLLEGEVILLE, Penn. – Superior CU and Perkiomen Valley School District officials held a ribbon-cutting ceremony Nov. 29 for a new bank branch opened inside Perkiomen Valley High School.

VIENNA, Va. – Navy FCU, which has opened 42 branches since the start of 2010, is opening two more branches Monday, its 6th and 7th new branches in the last four months.

Joe L. Albritton, the longtime chairman and chief executive at Riggs National Bank in Washington, died of heart failure Wednesday in a Houston hospital, according to the Washington Post. He was 87.

Alliance Data Systems (ADS) has signed a long-term agreement to launch a private-label credit card program for clothing retailer Dots.

BB&T (BBT) has created a new south Texas region and named a longtime employee as its president.

The Washington Business Hall of Fame recently inducted Eagle Bancorp CEO Ron Paul, and the World Affairs Council of San Antonio will fete Cullen/Frost CEO Dick Evans as its citizen of the year for 2013.

The House passed a bill by voice vote Wednesday that would exempt banks from sending out privacy notices to customers if the disclosures haven't changed from the prior year.

If U.S. banks can decrease costs in routine transactions, they will be able to serve mass segments more profitably and invest disproportionately in high-margin services for the affluent.

The good cop-bad cop routine works in bank M&A, says Prosperity CEO David Zalman, who misses his "good guy" Dan Rollins, who left for BancorpSouth.