Shelter Insurance joins the growing list of insurers that are unwinding their banks amid mounting costs related to Dodd-Frank.

Consolidation among bank dealmakers continues as Houlihan Lokey acquires Milestone Advisors. The combined firm has 28 bank M&A advisors and will try to hire more amid upheaval in investment banking.

The Charlotte bank says Monday's settlement is a significant step toward resolving its crisis-era woes, but other legal risks — particularly in connection with private-label mortgages — remain.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

A breakdown of M&A announcements in the financial services industry for the week ended January 5.

Shelter Insurance joins the growing list of insurance companies to unwind its bank after it faced having more than $1 million in annual costs tied to Dodd-Frank.

The acquisition of nearly $800 in commercial loans provides a productive use for the spare cash on CIT's balance sheet, analysts say.

Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

The country's largest undercapitalized bank, U.S. Century Bank of Doral, Fla., raised $30 million in December through the sale of three loans, according to a report in the South Florida Business Journal.

As loan participations start to climb, lenders would be well served to learn how a poorly structured agreement on a mall property caused headaches for more than a dozen banks.

FICO is moving its headquarters from Minneapolis to San Jose to be closer to Silicon Valley's engineering talent pool, company officials confirmed Thursday.

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.

It's a truism among financial institutions that not all revenue is created equal: some revenue costs a lot more to produce. Yet among many organizations, the exact costs related to specific revenue remain a mystery.

451 Group, a New York-based technology research and analyst firm, has purchased Yankee Group in an effort to expand its research and analysis of mobile technology and markets.

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.

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

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.