Retail & Commercial

Virgin Money Holdings, the bank backed by billionaire Richard Branson, postponed plans to start lending to small businesses as Britain faces a potential economic slowdown after voting to leave the European Union.

Ally Financial in Detroit swung to a profit in the second quarter as a tax benefit outweighed the costs of insurance payouts on hailstorm-damaged vehicles.

Park National in Newark, Ohio, reporter lower quarterly profit that reflected declines in service charges and higher expenses.

Large incumbents can effectively pursue and cultivate disruptive innovation without buying a disruptor. Here's how.

Berkshire Hills Bancorp in Pittsfield, Mass., reported higher quarterly profit driven by loan and deposit growth and expense reductions.

EverBank Financial in Jacksonville, Fla., confirmed that it is in talks to sell itself.

Despite fears that increased compliance costs from new Consumer Financial Protection Bureau rules could drive community lenders out of the mortgage business, a watchdog report found that smaller companies remain active.

Northwest Bancshares in Warren, Pa., reported a quarterly loss after prepaying some Federal Home Loan Bank borrowings.

Fifth Third Bancorp in Cincinnati has fired its chief legal officer over what it describes as a conflict of interest.

Anchor Bancorp in Lacey, Wash., which has been facing pressure from a prominent activist investor to sell itself, has hired an investment bank to explore strategic options.