Retail & Commercial

Barclays has been gauging clients' interest in the British bank starting a cryptocurrency trading desk, potentially joining Goldman Sachs in pioneering a new business on Wall Street, according to people with knowledge of the matter.

Michelle Bowman, a former community banker and now the Kansas banking commissioner, was one of two Federal Reserve Board nominees announced by the White House on Monday. President Trump also nominated Columbia University Richard Clarida as vice chair.

Previously the head of commercial banking, Tory Nixon — also a former NFL cornerback — will now oversee the bank's digital strategy.

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.

New Resource Bank and P2Bi are splitting the risk and revenue associated with asset-based loans.

Gary Shook, who led Middleburg Financial before its sale to Access National, has become president of Blue Ridge's bank.

The addition of a personal finance app rounds out the loan and deposit-account offerings at the online lender Marcus.

A $135 million increase in litigation expenses related to its 2011 acquisition of Wilmington Trust overshadowed a wider net interest margin and improved credit quality for the Buffalo, N.Y., company in the first quarter.

Expanding SBA funding and providing additional Community Reinvestment Act credit could help boost female entrepreneurs.

Bank’s earnings report notes possible $1 billion in fines; loan-loss accounting rule will be rolled out over three years.