Retail & Commercial

CEO Jess Staley had been reducing the bank's investment in its African subsidiary as he sought to conserve capital and rebuild Barclays' investment bank.

A law designed to minimize the drawbacks of short-term loans and other alternative financial products may have helped legitimize them.

The bank is rotating teams dedicated to product and service development across its organization to help implement new ideas quicker.

Brian Montgomery is examining why the reverse mortgage program has suffered big losses, but he said he opposes any changes that could make it harder for the elderly to stay in their homes.

The sale includes 160,000 accounts and more than $400 million in deposits.

The Orlando, Fla., bank has bought Allied Affiliated Funding in Dallas in an effort to branch out beyond traditional commercial and consumer lending.

The Senate bill, designed to close a loophole in the state's interest rate cap, must still be reconciled with a similar measure that was passed by the Ohio House of Representatives.

A former chief financial officer at Hanover Bancorp is trying to separate the roles of chairman and CEO as part of a sweeping demand for change.

An index that tracks late payments on consumer loans inched closer to historic norms, according to data from the American Bankers Association.

Flagstar Bank, which is in the process of buying more than 50 branches from Wells Fargo, has hired Ryan Goldberg as a director of retail banking.