Bank channel

Disclosure was hard to miss, but also hard to understand

The longtime chairman of Brookline Bancorp in Massachusetts resigned late last month after his board voted to reject a buyout offer, but he did not leave quietly.

Issue is less where it is housed than how much power it has

After a little more than a year at the helm of Umpqua Bank’s wealth management business, Kelly Johnson can point to some big accomplishments, but he knows that he still has got a lot of work to do.

Citigroup has hired Sanjiv Sawhney as global head of fund services, a new position. He was previously head of fund services operations at JP Morgan and is returning to Citi, where he began his career and served for 15 years.

HSBC Holdings PLC's North American arm is taking a breather from expanding its modest U.S. branch network after adding 125 branches in the past five years.

WASHINGTON — Where to put a proposed new consumer protection division appears to have become a game of musical chairs.

PHH Corp., best known for originating mortgages behind the scenes for household names like Charles Schwab Corp. and Merrill Lynch, plans to expand other home lending channels as industrywide volume tanks.

The New York company announced Monday that it has hired a former T. Rowe Price executive to lead its charge in the bank channel.

WASHINGTON — State regulators shut two banks on Friday, bringing the year's total failures to 22.

The creation of another high-profile investment group intent on buying failed banks is leading some to wonder if there are too many sharks circling the Federal Deposit Insurance Corp.

WASHINGTON — Regulators were picked apart Friday by members of two House committees, who blamed them for a dramatic drop in lending and urged them to ease up on bankers.

Critics claim it will hurt securitizations, limit flow of credit

With an overflowing pot of capital at his small New Century Bank, Jay S. Sidhu is ready to make some big deals.

JPMorgan Chase & Co. chief executive Jamie Dimon said during his company's annual investor day Thursday that he has been turned off by the "capricious, arbitrary and punitive behavior" of regulators since his company accepted $25 billion in aid as part of the bailout of the financial industry in 2008.

Sale would be part of effort to sell $715 billion in non-core assets

Legislation would create powerful new regulator

WASHINGTON — The worst of the financial crisis has passed for most institutions, but new Federal Deposit Insurance Corp. data shows aftershocks are still being felt.

Kaplan joins from Citadel

First Midwest Bank in Itasca, Ill., approached its first failed-bank acquisition cautiously. The $7.6 billion-asset bank scooped up First DuPage Bank in Westmont, Ill., a tiny bank only a half-hour drive away. The Oct. 23 deal allowed First Midwest to learn the ropes of failed-bank purchases by taking over a small institution in its own backyard.