JPMorgan Chase said Tuesday it will hire 1,200 mortgage loan officers by the end of next year, a 60 percent increase in its sales force.

A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, a top U.S. bank regulator said Tuesday.

Credit Agricole, France's biggest retail bank, plucked a new chief executive from its influential regional divisions as it posted a widely-expected fall in third quarter profit.

Banks are struggling to make money in the credit card business these days, and consumers are paying the price. Interest rates are going up, credit lines are being cut and a variety of new fees are being imposed on even the best cardholders. The New York Times reports.

Some 650,000 borrowers have thus far  received a trial loan modification under the Obama administration plan.

Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.

Europe's biggest bank HSBC Holdings said its underlying third quarter profits were "significantly ahead" of a year ago and said losses on U.S. consumer loans had shown their first fall in three years.

Banking group Barclays PLC reported Tuesday a 29 percent fall in net profit for the first nine months of the year as rising provisions for bad debts outweighed a strong performance in its investment banking arm.

JPMorgan Chase & Co is lifting a salary freeze it put in place last year, according to an internal memo, a sign of its growing confidence in the economic recovery after it reported several quarters of improving investment-banking profits

U.S. Federal Reserve Governor Daniel Tarullo endorsed the idea of requiring big banks to hold more capital and renewed his suggestion that direct efforts to limit the size of banks may be worth considering.

Bankers aren't really bankers, but are more like bookmakers and insurance agents, and they don't actually get bonuses, but profit share, Peter Brown, partner from MM&K, told CNBC Monday.

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work".

India's long-stalled reforms to its financial sector gained momentum on Sunday after Prime Minister Manmohan Singh said he would push through legislative changes, including the insurance sector which foreign players are eyeing.

Commonwealth Bank of Australia, the nation's second-biggest lender, reported a strong first-quarter profit on Monday, with business improving across the board, sending its shares sharply higher.

China Minsheng Banking Corp, the country's seventh-largest bank, plans to raise as much as $4.07 billion after setting a price range for its November Hong Kong listing.