Retail & Commercial

Michael DeVito, who was named Wells Fargo's interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit.

The Mobile Act would allow financial institutions to scan or copy a customer’s photo ID when opening an account remotely, while another bill contained provisions that would protect bankers from lawsuits if they report suspected elder financial abuse.

Retracting an Obama administration policy that shielded banks servicing marijuana companies threatens financial firms and makes the pot industry too reliant on cash.

The credit union’s members want products to help with cash flow, working capital and business expansion

The results included a $222 million goodwill impairment charge and other one-time items.

The bank said it plans to use proceeds from the placement to expand its operations.

Federal Home Loan banks have significantly increased their lending to large financial institutions in the post-crisis years, but it’s doubtful this activity will create undue systemic stress because it has displaced other, riskier forms of bank funding.

The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.

The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans.

Speculation has existed for a while that JPMorgan Chase could be the first of the megabanks to name a woman chief executive, but the elevation of executives Daniel Pinto and Gordon Smith to co-presidents and co-COOs seemed to put them in the lead to succeed Jamie Dimon.