Wells Fargo CEO John Stumpf said that he believes the government-sponsored enterprises need to be retained in some form because the guarantee they provide is important to investors.

Now that shareholders have agreed to let Jamie Dimon keep both his jobs at JPMorgan Chase, the chairman and chief executive must resolve several pressing issues. Among them: succession, board composition and mounting regulatory scrutiny.

Gries Investment Fund, a Florida investment group, has canceled plans to buy Southern Commerce Bank in Tampa, according to a newspaper report.

Only 32% of JPMorgan Chase shareholders voted in favor of splitting Jamie Dimon's chairman and chief executive roles, but the victory can't erase the months of harsh scrutiny over Dimon's power and the bank's governance.

Smaller banks may decide now is a good time to go public and raise capital for acquisitions and other growth opportunities.

Two bank deals, one in New Jersey and the other in California, have won regulatory approval and are nearing completion.

Like Jamie Dimon, a number of bank leaders have been in fights to keep their chairmanships from being lopped off in recent years. Many lost, and a few survived—but it's rarely pretty.

Mark Jaindl, a Pennsylvania banker, fell less than 100,000 short of shaking up the board at the parent of Home Savings Bank.

Genesys, a provider of customer engagement and contact center services, has announced plans to acquire SoundBite Communications for a price of $5.00 per share.

Organic growth, dealmaking and innovation are taking a backseat to compliance, bank executives told KPMG in a new survey.

The activist investor claims that D.F. King failed to turn in a master ballot, causing his board candidate to lose an election.

The $208 million-asset bank has filed an application for the change with regulators, it said last week. Executives wanted to get away from the geographically limiting name, though they plan to keep the bank's headquarters in Lowell.

Citigroup (NYSE:C) is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.

A breakdown of M&A announcements in the financial services industry for the week ended May 18.

Shareholders of OptimumBank Holdings (OPHC) have approved a reverse stock split aimed at preserving the Fort Lauderdale, Fla., company's Nasdaq listing.

Enterprise Financial Services has completed the purchase of a mortgage business from F&M Bank and Trust.

As investor Jay Sidhu and Atlantic Coast Financial intensify their fight over the Florida company's deal to sell to Bond Street Holdings, the market has priced a higher deal value into the stock. Atlantic Coast warns that no such bump-up is coming.

Commerce Bancshares is the latest bank to announce plans to buy a small bank in Oklahoma, which boasts one of the nation's lowest unemployment rates

Brennan Ryan, a partner at Nelson Mullins, ran the equivalent of several marathons with his wife and a friend in the Marathon des Sables to raise money for Hemophilia of Georgia.

The Office of the Comptroller of the Currency took regulatory action against 11 financial institutions and terminated orders against five others in April, the agency said Friday.