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Blue Valley Ban Corp. in Overland Park, Kan., has named an executive from a large investor in the company to its board.

For those who lament the U.S. government's failure to put individuals on trial for their role in the 2008 mortgage crisis, Iceland's prosecution of bankers represents a platonic ideal of financial supervision. But the comparison between the Icelandic and U.S. cases is not as simple as it may appear.

It's not glamorous, but a tool that measures the bank's energy use has helped it reduce consumption by 17% over the past five years.

Poorly paid tellers get a boost from Amalgamated Bank; Nasdaq might be getting a female CEO; parent-friendly business trips as a new PE recruitment tool, and Fidelity's Kathleen Murphy on the benefits of mentoring. Plus, motorcycles, sushi chefs and Stephen Colbert.

Discover Financial Services and Brazilian credit card brand Elo have formed an agreement to enable acceptance of Elo cards for purchases and cash access beyond Brazil.

The CFPB and the New York Department of Financial Services filed a lawsuit in federal court against two companies, Pension Funding LLC and Pension Income LLC, and three of the companies’ individual managers for allegedly deceiving consumers about the costs and risks of their pension advance loans.

JPMorgan Chase has named retired Army Gen. Raymond Odierno senior adviser to the company on international relations, cybersecurity, leadership development and other issues.

Eighteen marketers that allegedly cheated U.S. and Canadian consumers out of more than $7 million are banned from selling business or work-at-home opportunities under court orders obtained by the Federal Trade Commission.

Banks have ramped up foreclosure activity in the past five months, with default notices, scheduled auctions and bank repossessions at their highest levels in two years. It's a positive sign that banks are finally clearing out all the distressed loans still lingering from the housing crisis. Meanwhile, banks remain cautious about new lending, partly because of regulatory actions.

Bank repossessions of distressed homes hit a 30-month high in July, as financial institutions continue to work through the backlog of bubble-era loans.