State Street (SST), the third-largest custody bank, agreed to buy the hedge-fund administration unit of Goldman Sachs (GS) to boost growth as second-quarter revenue fell amid declining global markets and record low interest rates.

A breakdown of M&A announcements for the week ended July 14.

The central bank has brought back a process scrapped in the late 1990s, where it will review preliminary merger plans of untested buyers pursuing unusual deals.

Citigroup's second-quarter income fell but was untainted by the scandals surrounding big rivals.

St. Helen's Community FCU hired a new CEO who immediately urged the board to terminate a merger agreement with nearby Wauna FCU, which would have created a $300 million credit union.

Regulators late Friday seized the $24.8 million-asset Glasgow Savings Bank in Glasgow, Mo.

Uncertainty about the global economy, health care and taxes threaten to take already anemic loan growth off of life support.

After Wells Fargo reported record second-quarter profit on Friday, CFO Timothy Sloan explained why the bank is optimistic about mortgages, M&A and expenses.

The San Francisco company has the cash and willingness to buy more assets from U.S. and European financial institutions, management said during a conference call Friday.

Taylor Capital Group (TAYC) in Rosemont, Ill., said that its bank has hired a former team from LaSalle National Leasing to run a new equipment finance division.

Prevail CU and Harborstone CU of Tacoma announced plans to combine this afternoon to create another $1 billion credit union, the state's sixth.

TransUnion Corp. CEO and President Bobby Mehta will leave his position at the Chicago-based credit-reporting firm for "personal reasons," he told the board of directors, according to a Securities and Exchange Commission filing.

Louisiana lawmakers are reviewing ways to boost efforts to collect hundreds of millions of dollars in debts owed to agencies across the state's government.

Four out of five banks that closed important deals last week did so in four months or less. First PacTrust, which is new to getting M&A approval from regulators, needed 10 months to close one deal and has another pending after more than a year.

Regions Financial has unveiled a new line of Visa credit cards, following its repurchase of its card portfolio from Bank of America's FIA Services last summer.

Solera National Bank is looking to double its loan portfolio in the next year now that it is no longer operating under a consent order from the OCC.

Financial firms are raising less capital as domestic and international concerns abound.

Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency, according to bidders and other sources familiar with the matter.

A fraud case that contributed to the recent failure of Montgomery Bank in Georgia could lead to more regulatory scrutiny when community banks look for outside investors.

Last summer rumors were spreading that a private equity firm had amassed $1 billion in cash and was eyeing investments in mortgage banking firms. A year later it appears that no such deals were struck by the unnamed fund, but that hasn't stopped the talk about PE firms still looking at the sector.