Retail & Commercial

The staff at the Securities and Exchange Commission is working on a proposal to amend the current diversity disclosure rule to require more specificity, including information on the race, gender and ethnicity of board members and nominees. Here's why.

These 25 leaders are using their influence to make banking — and their communities — better.

Among the impressive women you'll want to keep an eye on moving forward are: two new female CEOs at top-40 banks; Mary Mack, who'll now oversee consumer banking at embattled Wells Fargo; and community bank CEOs Mary Anny Scully and Karen Glenn.

Women are arguably even more outnumbered in the upper ranks of finance than in banking, and the executives on this list stand out not only for their performance but for their work to help create a path to parity.

Arkansas regulators have closed the $66.3 million-asset Allied Bank in Mulberry, the fifth institution to fail this year.

The subprime auto lender continues to struggle to get its arms around accounting issues that date to 2013.

First Bancorp in Southern Pines, N.C., has terminated loss-share agreements tied to a pair of failed-bank acquisitions.

Only a dozen banks still owe the government Troubled Asset Relief Program money, and an unspecified number of others including Reliance Bancshares in St. Louis owe investors who bought their Tarp balances. But Reliance has made problem loans vanish and has a credit line in hand to help retire its $62 million Tarp-related debt.

Randolph Bancorp raised $57 million in a mutual-to-stock conversion and is using the proceeds to fund acquisitions — it closed its first-ever deal in July — and dramatically improve its digital capabilities.

Financial institutions must act on the "urgent and fundamental" need to transform the correspondent banking system, the consulting firm said in an annual report on global payments.