Retail & Commercial

Prosper Marketplace is rolling out a revamped website that is designed to make loans it sells more attractive to individual investors.

Financial innovation, including distributed ledger technology and marketplace lending, has emerged as a new source of risk to the U.S. financial system, according to a report issued Tuesday by the Financial Stability Oversight Council.

A small Boston bank is betting it can attract tens of thousands of millennials by giving them a chance to pay off their student loans a few months early, rather than offering more common incentives such as interest on their deposits or airline miles for their purchases.

U.S. Bank in Minneapolis has hired retail veteran Beau Gray to head its omnichannel experience team.

Mascoma Savings Bank in New Hampshire spent six months searching for a new president and chief executive before selecting one of its directors for the job.

More institutions are willing to pursue small acquisitions, or rely on organic growth, to cross over a regulatory threshold that includes interchange fee caps and stress testing. A big reason is that bankers are becoming more comfortable with the financial toll of such regulation.

Bank of America is betting on consumers’ future intentions over their current actions when it comes to building its digital wallet strategy.

FVCBankcorp in Fairfax, Va., and Independent Bank Group in McKinney, Texas, are raising capital through private and public offerings of subordinated notes.

Consumers deserve disclosure and the protections enjoyed by payroll card users, but it is critical that regulations do not put providers out of business.

Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.