Seeing a major opportunity in the U.S. market, Monitise and Clairmail announced a merger deal in which they will cross-polinate and cross-sell each other's technology in their respective markets.

CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.

Alabama's BancTrust Financial has abandoned a bid to raise private equity funds. As bank-acquirers circle, a deal could say a lot about the state of M&A.

Citigroup Inc. (C) is reducing its stake in a Turkish bank and its earnings will take a hit because the value of the investment has declined.

In what would be just the second acquisition in its 49-year-history, FNB Bancorp in South San Francisco has struck a deal to buy Oceanic Bank Holding in San Francisco.

In its first-ever auction of preferred stock acquired through TARP, Treasury is seeking to sell stakes in Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings (FFCH) of Charleston, S.C.; MainSource Financial (MSFG) of Greensburg, Ind.; Seacoast Banking (SBCF) of Stuart, Fla.; Wilshire Bancorp (WIBC) of Los Angeles; and WSFS Financial (WSFS) of Wilmington, Del.

JPMorgan Chase's chairman and chief executive officer for the Asia Pacific region, Gaby Abdelnour, is leaving the bank, according to an internal memo seen by the Wall Street Journal.

Monitise said Monday that it is buying Clairmail, a San Rafael, Calif.-based provider of mobile banking and payments technology.

The California Department of Financial Institutions took over Telesis Community CU, the one-time $625 million credit union with one of the biggest member business loan portfolios in the country, Friday night and appointed NCUA as conservator.

State regulators closed two banks on Friday, bringing the year's tally to 15. The two failures, in Georgia and Illinois, are expected to cost the Deposit Insurance Fund $ 95.6 million.

On the weekend of May 18, Bank of America plans to complete a technology project that has spanned the country and will end in one of the bank's most complex markets: California.

Several large banks are facing a potential credit-rating downgrade, raising questions whether they could withstand collateral calls on their derivatives. But the post-crisis push for higher liquidity and leaner balance sheets may have steeled them from the threat.

A Kansas City, Mo., asset management firm that until last summer was partially owned by JPMorgan Chase & Co. quietly won a large breach-of-contract judgment last year against the New York bank, according to court documents unsealed this week.

HSBC Financial said this week that it could not find a suitable buyer for its consumer finance business and will be closing 75 offices across Canada, putting 500 people out of work.

Royal Bank of Scotland Group confirmed Friday that industry veteran Mike Biggs will become the chairman of its Direct Line business as the U.K. bank looks to bulk up its insurance arm ahead of a planned initial public offering later this year.

DECA Financial Services, based in Fishers, Ind., is moving into a larger building and adding 140 employees during the next three years, the company announced this week.

Commerce Bancshares — a Worcester, Mass., bank that specializes in classic car and small aircraft loans — would become a lender to buyers of Boston taxi medallions by acquiring Mercantile Capital, CEO Brian Thompson says.

A handful of banks, including CertusHoldings and Hancock Holding, have dual CEOs, which they believe helps with internal management and growth initiatives such as acquisitions.

As global banks slim down to satisfy regulators, a new wave of Asian buyers keen to be players on the regional stage is stepping up.

Beneficial Mutual Bancorp gained a 25% stake in Liberty Bell Bank after its former chairman Michael Kwasnik defaulted on a loan. Kwasnik had used the stake in recent years to stymie Liberty Bell while trying to take over the bank.