Bank of America Corp. is selling an $8.6 billion credit card portfolio in Canada and plans to unload $19 billion of card loans in Europe as it works to exit the international card business, the issuer announced Aug. 15.

Bank of America Corp. said Monday that it is selling an $8.6 billion credit card portfolio in Canada and plans to unload $19 billion of card loans in Europe as it works to exit the international card business.

WASHINGTON — The Office of the Comptroller of the Currency shut $538.1 million-asset First National Bank of Olathe in Kansas, the first failure in the state this year, bringing the total number of collapses in the country to 64.

Banking companies that received rescue capital from the government and fall behind on payments have trouble getting out of the hole.

Capmark Financial Group Inc. announced Friday that it has abandoned plans to sell off the controlling interest it holds in its bank subsidiary, Utah-based Capmark Bank, after unsettling market conditions broke apart negotiations.

Many banks frustrated by elusive loan and revenue growth are exploring the mergers and acquisitions market — however tentatively — in the hope of improving earnings through cost savings. The pivotal question is how to avoid overpaying for the savings.

Some of the new red tape was supposed to drive deals, but it could dry up M&A among banks near $50 billion of assets.

Encore Capital Group, and its wholly owned subsidiaries Midland Credit Management, Inc. and Midland Funding, LLC, has obtained a favorable federal court ruling approving the settlement of a national class action lawsuit involving the company's legacy affidavit process, company officials announced.

PNC plans to overhaul technology and inject more fee-generating products once it completes its acquisition, RBC Bank exec Reggie Davis says in an interview.

HSBC is selling a card business for an 8.75% premium. It may be time for Citi to cut its price on a similar portfolio.

Computer Services Inc.'s multi-million dollar cash deal for Heit, a managed services provider, will expand the core banking vendor's geographic reach and allow it to cross-sell to a wider group of community banks.

Capital One was already in the process of buying ING’s U.S. online banking business for $9 billion. Its premium on the HSBC deal would be $2.6 billion.

A pair of North Carolina banks — FNB United and Bank of Granite — surprised industry observers last week, finding investors willing to commit $310 million for an arranged marriage between the struggling companies.