Bank channel

To quell doubts about its mortgage unit's handling of documents, Bank of America Corp. is distancing itself from … itself.

The best online experiences employ a kind of magic — and one of the Web's leading conjurors says banks can learn the tricks.conjurors

Four years after it began charging risk-based premiums, the Federal Deposit Insurance Corp. is set to revamp them again for the largest institutions.

Brett Rabatin, an analyst with Sterne, Agee & Leach Inc., said the $500 million recapitalization of Sterling Financial in August should have put growth-minded banks on alert: Opportunities to buy big failed banks through the Federal Deposit Insurance Corp. are now few and far between.

A spate of enforcement actions and big penalties this year for violations of anti-money-laundering rules has served as a stark reminder of the government's compliance priorities.

An increase in community bank acquisitions is expected in 2011, and a multitude of factors could inform the ultimate decision to sell.

The inclusion of one word in the Dodd-Frank law is raising concerns among bankers that it will lead to a ban on certain financial products or services.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital to buy small, clean Texas banks with the goal of rebuilding the size business he lost when Birmingham, Ala.-based Colonial failed in August 2009.

Wells Fargo & Co. has agreed to pay Citigroup Inc. $100 million to settle a lawsuit over Wells' acquisition of Wachovia Corp., the two companies said Friday.

Despite tough talk from regulators that they are cracking down on mortgage servicers that do not follow modification guidelines, the agencies have so far done little to nothing to punish firms.

Two wealth management teams, the BBW Group and the L&S Group, have joined UBS Wealth Management Americas at the firm's office in Baltimore.

The Securities and Exchange Commission is reportedly investigating a complex $1 billion investment deal Citigroup Inc. arranged leading up to the financial crisis.

Mooney, the well-regarded vice chair and head of community banking at the Cleveland company, would be the first woman CEO of a large U.S. banking firm, though women run the stateside retail bank arms of Royal Bank of Scotland and HSBC Holdings PLC.

If the banking industry has its way, regulators would give financial institutions so many exceptions from the Volcker Rule's limits on risky activities that it might as well not exist at all.

Citi's top consumer banking executive said Wednesday that the company, which has long considered its reach in more than 100 countries to be its primary competitive advantage, has drilled down further to identify 150 major metropolitan areas as priority markets for its retail banking and cards businesses.

Top executives want to reassure lawmakers that foreclosure alternatives are paramount.

Bank of America Corp.'s chief executive acknowledged in perhaps the starkest terms yet that for the country's largest bank, innovation may now be less important than remediation.

Increased regulation has been widely cited as a catalyst for the recent wave of bank acquisition deals, but lately regulators have been throwing some wrenches into the works.

In the absence of global resolution rules, a hard-to-pronounce buzzword has crept into the debate on winding down big banks: subsidiarization.

With around $100 million of annual revenue and deposits of $10 billion, the acquisition would fit into U.S. Bancorp’s years-long effort to build its corporate trust business.