Calling it a "milestone in its global growth," Silicon Valley Bank announced late Thursday that it has received permission from British banking authorities to open a full-service banking office in London.

The deal would give Wells an entrée into prime brokerage and continues its niche M&A strategy.

HSBC is cutting more than 2,200 senior and middle management jobs in Britain as part of its drive to slash costs and boost profitability.

He will succeed Edgar Ancona, who is retiring after 18 years with the company, at the end of June.

As revenue growth diminishes, more community banks are looking to expand their wealth management and trust operations. A number of them, including Iberiabank and Wintrust, are turning to acquisitions for growth.

Asset quality might be paramount, but there are other things sellers need to consider as they seek to attract buyers. The list includes avoiding long-term contracts, trimming expenses and retaining key employees.

Bar Harbor Bankshares (BHB) in Maine is getting some love from analysts following its record earnings performance in the first quarter.

A security breach that struck Fidelity National Information Services a year ago still has ripple effects on the core platform provider, which reported its first-quarter earnings Thursday.

MetLife Thursday afternoon said it will exit the reverse mortgage business — where it ranks among the top five producers — selling the division to Nationstar Mortgage of Texas.

Aided by its January purchase State Bancorp, Valley National Bancorp (VLY) in Wayne, N.J., reported strong loan and deposit growth in the first quarter, though its overall earnings declined slightly from the prior year due to merger related costs and other one-time events.

Arnold Schwarzenegger said, when he was first elected as governor of California, that he wanted to "blow up the boxes" of the state bureaucracy.

Banco Santander SA plans to list its fast-growing Mexican unit later this year and has begun preparations to sell 25% of the unit in an initial public offering, Chief Executive Alfredo Saenz said Thursday.

The Columbus, Ga., bank is a constant subject of M&A speculation. First-quarter results suggest it could go it alone for a while, but accounting, capital-raising and earnings challenges may be hard to overcome long term, experts say.

The social network just wants to know everything about the consumer. Payments happen to be the best way for people to show they really "like" a product.

Solid revenue growth and a continued decline in problem loans helped boost Trustmark's first-quarter profit by 27% over the same period last year, to $30.3 million.

Bank of America, Wells Fargo, JPMorgan Chase and BB&T will still be standing a decade from now, BB&T CEO Kelly King says. His list omits a number of other prominent players, including Citigroup.

A surge in mortgage lending combined with improved asset quality and expense control led the embattled First Mariner Bancorp in Baltimore to its first profitable quarter in more than five years for the quarter that ended March 31.

William Lansing, the new chief executive of credit score giant Fair Isaac, discusses his relatively weak appetite for deal-making and defends the reputation of the FICO score.

Making good on its promise to bulk up in asset management, City National Bank (CYN) in Los Angeles announced Wednesday that it is buying Rochdale Investment Management in New York and combining it with its asset management subsidiary.

When most major banks reach the end of the road in their efforts to collect on defaulted credit card accounts, they often sell rights to the soured loans to debt collectors for pennies on the dollar. Those pennies can add up to tens of millions in dollars in revenue for a large card issuer, but American Express (AXP) and USAA have long left that money on the table.