Citigroup Inc., the third-biggest U.S. bank by assets, moved investor-relations chief John Andrews to a new position where he will deliver market information and "rapid insight" to the firm's top clients.

Indecomm Global Services has opened a new mortgage lending and servicing outsourcing facility in Charlotte.

Retailing giant Wal-Mart may be pulling American Express prepaid cards from its shelves due to poor sales, according to an analyst report from Jefferies & Co.

Still holding stakes in some 325 banks, the Treasury is expected to accept bigger discounts as it works to unwind the bailout-era program.

Growth in commercial and industrial loans fell to the slowest pace in a year during the period, according to preliminary data. But the increase was still healthy enough to offset contractions in other loan categories, and help drive an expansion in balance sheets.

Officials with St. Helens Community Federal Credit Union in Oregon and nearby Wauna Federal Credit Union said they plan to merge to create a credit union with about $300 million in assets.

Four New York thrifts — Dime Savings, CMS, NorthEast Community and Fairport Savings — received approval Monday to switch from federal to state charters, adding to a growing list of converts nationwide.

PSCU Financial Services, a service organization that provides products and services to its roughly 1,500 member credit unions, announced Monday that it will begin issuing prepaid chip cards for several of its clients this summer.

EverBank this week was the latest buyer to take advantage of the ripening market for books of commercial and other types of credits. Wells Fargo, City National and others have announced similar moves.

KeyBank has built a low-dollar consumer lending product that makes money and pleases consumer advocates.

Lender Processing Services (LPS) has agreed to acquire LendingSpace, a provider of mortgage loan origination software.

The Federal Housing Finance Agency provided an update Tuesday to its pilot program designed to turn foreclosed properties into rental homes, saying it had announced the first round of winning bidders.

Solera National Bank in Lakewood, Colo., has been freed from a consent order under which it had been operating for more than two years.

The National Association of Insurance Commissioners will hold a hearing on possible abuses in August. Yet a key regulator doubts the industry is seriously troubled.

A basketball coach's praise for his opponent serves as a reminder that the best results come from hustle and hard work.

United Community Financial (UCFC) in Youngstown, Ohio, will take a $5.2 million loss on a group of loans to a single commercial customer.

Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., is considering raising up to $50 million in fresh capital so it can make more acquisitions if and when opportunities arise.

Lending to American consumers, businesses and other entities is, as best practiced, far from a simple business. Going beyond this to dabble in opaque markets will inevitably degrade the competence with which banks' basic business is conducted.

Collection agency Resurgent Capital Services LPA and affiliated debt buyer LVNV Funding LLC will pay $1 million to Maryland regulators and agreed to dismiss several thousand collection cases to resolve alleged violations of federal and state collection laws.

California lawmakers on Monday passed a package of foreclosure prevention bills that will slow foreclosures, impose stricter rules on mortgage servicers and potentially raise the cost of home loans.