Retail & Commercial

LendingClub Corp., a pioneer of online marketplace lending, said it raised rates for borrowers again to reflect a gloomier economic outlook and worse-than-expected performance for some of its riskiest loans.

American Express is determined to minimize the damage from losing profitable Costco cardholders in Canada and the U.S., and is taking steps to keep as many of those customers in the Amex fold as possible.

High Point Bank considered bulking up to the size of other community banks in its market but quickly realized that the strategy would involve significant expense, risk and capital. So the company ended up selling to BNC Bancorp.

Sen. Ted Cruz has made killing the Consumer Financial Protection Bureau one of his key stances on banking policy during his fight to become the Republican presidential nominee.

There are countless considerations banks face when joining another institution, but blending two distinct organizational philosophies into a healthy culture must be a top priority.

U.S. home sellers in March sold their homes for $30,500 more than the purchase price, a 17% average gain in price and the highest average gain for home sellers since December 2007, according to RealtyTrac’s Q1 U.S. Home Sales report.

Wider margins and expense control boosted quarterly profits at BB&T in Winston-Salem, N.C.

Glacier Bancorp in Kalispell, Mont., has agreed to buy Treasure State Bank in Missoula, Mont., for $12.9 million in cash and stock

TCF Financial in Wayzata, Minn., reported sharply higher profits driven by gains on the sale of auto loans even as auto-related chargeoffs rose.

Higher compensation and credit costs drove down quarterly profits at Fifth Third Bancorp in Cincinnati, offsetting revenue gains.