Accounting-related gains are dwindling for many acquirers of failed or troubled banks. Their alternatives include cutting costs — or buying again.

A neighborhood association wants regulators to stop the company and CEO John Kanas from expanding in New York.

FirstMerit (FMER) of Akron, Ohio, has chosen a veteran banker in the upper Midwest to manage its newly acquired business in Michigan.

Bank of America's need to downsize continues to benefit small banks, as Old National acquires branches with $780 million of deposits in two states.

Morgan Stanley (MS), the sixth-largest U.S. bank by assets, plans to cut about 1,600 jobs from its investment bank in coming weeks, a person familiar with the matter said.

William B. Harrison Jr., who helped create JPMorgan Chase, on Tuesday offered a resounding defense of megabanks and the good he said they do for customers and investors.

Regional banks and other new investors helped quadruple CLO issuances to $55.2 billion last year. The boom is expected to continue in 2013.

The $2.5 billion-asset bank, which already makes home loans in Minnesota, said Tuesday that it is bulking up in the state by acquiring The Business Bank in Minneapolis and its mortgage subsidiary, Prime Mortgage.

Shelter Insurance joins the growing list of insurers that are unwinding their banks amid mounting costs related to Dodd-Frank.

Consolidation among bank dealmakers continues as Houlihan Lokey acquires Milestone Advisors. The combined firm has 28 bank M&A advisors and will try to hire more amid upheaval in investment banking.

The Charlotte bank says Monday's settlement is a significant step toward resolving its crisis-era woes, but other legal risks — particularly in connection with private-label mortgages — remain.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

A breakdown of M&A announcements in the financial services industry for the week ended January 5.

Shelter Insurance joins the growing list of insurance companies to unwind its bank after it faced having more than $1 million in annual costs tied to Dodd-Frank.

The acquisition of nearly $800 in commercial loans provides a productive use for the spare cash on CIT's balance sheet, analysts say.

Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

The country's largest undercapitalized bank, U.S. Century Bank of Doral, Fla., raised $30 million in December through the sale of three loans, according to a report in the South Florida Business Journal.

As loan participations start to climb, lenders would be well served to learn how a poorly structured agreement on a mall property caused headaches for more than a dozen banks.

FICO is moving its headquarters from Minneapolis to San Jose to be closer to Silicon Valley's engineering talent pool, company officials confirmed Thursday.