Regions Financial in Birmingham, Ala., is taking steps to conform its capital to evolving regulatory requirements.

Debt buyer Portfolio Recovery Associates reported Tuesday that its first-quarter profits soared 52% from the year before as it continued to expand its reach nationally and in the United Kingdom.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a 34% decline in quarterly profit as it waits for regulators to approve its sale to M&T Bank (MTB).

The sale, announced in July and completed Tuesday, included $3.2 billion in deposits. Financial terms of the deal were undisclosed.

Many large commercial banks must decide how to adapt their investment banking units to keep pace with changing regulations that could shrink ROE further, according to a report from BCG.

Expenses weighed down Old Line Bancshares (OLBK) in the first quarter. Earnings at the $869 million-asset company in Bowie, Md., fell 27.8% from a year earlier, to $1.3 million, or 19 cents per share.

The SEC is still working on rules for compensation clawbacks, but some banks have adopted stricter policies in response to pressure from activist shareholders like the New York City comptroller's office.

Too few of the small banks willing to sell have businesses worth buying, bank CEOs said during the recent round of earnings calls.

Debt buyer Asset Acceptance Capital Corp. on Monday reported cash collections of $103.8 million, up 2.6% compared to the year-ago period.

Heartland Financial USA (HTLF) in Dubuque, Iowa, reported lower quarterly earnings as compensation expenses rose.

A breakdown of M&A announcements in the financial services industry for the week ended April 27.

Business Bancshares in St. Louis has exited the Troubled Asset Relief Program.

Higher interest income and wider margins lifted BNC Bancorp (BNCN) in the first quarter.

Two executives of the former Southern Community Financial in North Carolina claim that they were "unceremoniously fired" because they refused to surrender their severance deals before Capital Bank bought their company.

Capital problems at smaller banks are likely to push more of them to sell, and many of them should put their holding company through bankruptcy to facilitate deals, says Evan Tomaskovic, a partner at Carl Marks Advisory Group.

With a federal moratorium on commercial ownership of industrial loan companies coming to an end, the question of whether retailers and other nonfinancial firms should own banks has been turned on its head in the wake of the crisis and Dodd-Frank.

Frank Bisignano explains why he left his role as co-COO at JPMorgan Chase to become CEO of First Data, and what his plans are for the payments processor.

An increase in interest income and drop in expenses lifted Old National Bancorp (ONB) in Evansville, Ind., last quarter.

Former managers of Southern Community Financial have filed a lawsuit against Capital Bank Financial in Coral Gables, Fla., claiming that the companies' merger agreement violated their employment contracts.

JPMorgan Chase loses another top exec as co-chief operating officer Frank Bisignano leaves to run payment processor First Data. The move further consolidates power with Matt Zames, whose rapid ascent will in leave him as the sole COO.