John Thain, chief executive officer of CIT Group, said the logic of selling his company to a larger bank is "obvious," while declining to comment on whether such a deal has been discussed.

DBA International has issued a Request for Proposals seeking qualified independent third-party auditing firms to provide compliance audits related to DBA’s Debt Buyer Certification Program.

Royal Bank of Canada, the country's largest lender by assets, will consider acquisitions of as much as C$5 billion ($4.9 billion) as it seeks to expand its wealth- management unit, Chief Financial Officer Janice Fukakusa said.

Renasant and First M&F have lifted the curtain on certain aspects of their planned merger as part of a tentative settlement of a shareholder lawsuit.

Carl Chaney says his relocation recognizes that the Big Easy is a major part of the Gulfport, Miss., company's growth strategy.

Companies that purchase delinquent accounts secured an estimated $230 million in default judgments against New Yorkers in 2011, according to a report from the New Economy Project, but failed to prove they owned the debt in a majority of cases.

Texas Capital Bancshares (TCBI) in Dallas has announced its CEO succession plan. Keith Cargill, 60, will become president and chief executive of the $10 billion-asset company when current chief George Jones, 69, retires at yearend.

Eastern Virginia Bankshares (EVBS) in Tappahannock has extended the deadline for a pending rights offering.

Hanmi announced late Tuesday that Chong Guk Kum would replace Jay S. Yoo as president of the holding company and its $2.8 billion-asset bank.

The famously outspoken CEO of JPMorgan Chase has kept relatively quiet during the last few months of shareholder pressure and regulatory scrutiny. On Tuesday, he tried to make up for lost time.

Banks and others that make "debtor-in-possession" loans to teetering companies hurt the commercial bankruptcy system by forcing unnecessary liquidations and untimely asset sales, critics say.

Banks that still hold Tarp funds face the prospect of dividend rates rising to 9% from 5% at a time when many of those institutions are still struggling.

Urban Partnership Bank in Chicago has been designated a minority depositary institution by the Federal Deposit Insurance Corp.

The proposed sale of Atlantic Coast Financial in Jacksonville, Fla., did not sail with investors. Shareholders rejected Bond Street Holdings' $13.1 million, or $5-per-share, offer on Tuesday.

Green Dot (GDOT) has agreed to acquire the Wal-Mart-branded prepaid card business from GE Capital Retail Bank.

C&F Financial (CFFI) has agreed to acquire Central Virginia Bankshares. Both are in the Richmond, Va., area.

The Treasury Department has begun auctioning more than $51 million of stock that it acquired through the Troubled Asset Relief Program.

Bank investors may be softening their antipathy for long earn-back periods. When Union First Market Bankshares promised five years of dilution – but a big boost to earnings – from its deal for StellarOne, its stock declined only a little.

Barry Sommers, the new head of JPMorgan Chase's consumer bank, spent most of his career selling wealth-management services. Now he says he's ready to serve the bank's less-affluent customers.