Retail & Commercial

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

The Consumer Financial Protection Bureau has fined a California-based lead aggregator and its owner hundreds of thousands of dollars for allegedly directing consumers toward illegal loans that would be void in their states.

The addition of John Stallings, who ran SunTrust's Virginia operations, is intended to make Union a more nimble institution, allowing CEO John Asbury to spend more time on strategic planning.

The Providence, R.I., company said Wednesday that it has launched its robo adviser in an effort to make inroads in serving “mass affluent” customers.

The acquisition will allow Eagle to expand into southwestern Montana.

Natural disasters like Hurricane Harvey reveal banks’ ability to lend a hand to communities in need, and to keep employees engaged and motivated for the initiatives that matter most.

What does it take to become a big-bank CEO? An appreciation of history, philosophy and the liberal arts, apparently.

Fast code changes and compliance approvals helped bank customers who couldn’t make it to a branch.

The company said it could use the proceeds to fund acquisitions and to make more loans.

“You can’t serve the public if your employees are shell-shocked,” said one executive, comments echoed by other institutions dealing with the aftermath of Hurricane Harvey.