Retail & Commercial

The Consumer Financial Protection Bureau's move to collect complaints about online marketplace lenders is a sure sign it is laying the groundwork for rules or enforcement actions against the industry.

Smaller players are losing ground to deep-pocketed large banks that can both absorb compliance costs and invest in the most up-to-date technology, M&T's longtime CEO said in his annual letter to shareholders. He also worried about banks' shrinking role in the ever-changing lending landscape.

In explaining the bank's commitment to the Chase Pay mobile wallet, an executive told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

Banks need to rethink their purpose to serve its younger customers, many of whom are inundated with choices. Banks have a tremendous opportunity to win these overbanked customers if they can figure out a way to become the financial hub.

Wells Fargo and a Rhode Island government agency were sued by a U.S. regulator for allegedly misleading investors about how much money a company led by former Boston Red Sox pitcher Curt Schilling needed to develop a video game.

WASHINGTON — The Consumer Financial Protection Bureau is taking aim at marketplace lenders, announcing Monday that it is accepting complaints about the developing industry and releasing a bulletin to inform the public about such firms.

Northern Trust has agreed to buy Aurora Investment Management, a hedge fund portfolio manager that's owned by Natixis Global Asset Management.

HarborOne Bank, a mutually owned co-operative bank in Brockton, Mass., plans to sell shares to the public.

BBVA has acquired Holvi, a Finnish online business banking service.

Are they near New York City? Palm Beach? San Francisco? You are not even warm, according to an analysis of deposit data by IXI Services, a division of Equifax.