Retail & Commercial

Macy’s has announced plans to consolidate four credit and customer service center facilities into three, resulting in 4,800 job cuts for the Cincinnati-based retail giant.

Hanspeter Wolf, CEO of onboarding software vendor Appway, on how he defines fintech and what he sees for its future.

Both consumers with health insurance and those lacking any coverage are reporting problems paying medical bills, according to a survey by the Kaiser Family Foundation and The New York Times.

But the strong demand for tax credits from those projects is also whittling down the investment returns as their riskiness declines, according to a new report by the New York-based accounting firm CohnReznick.

For all the attention nonbank fintech firms get, they still have a long way to go before winning over key customer segments, such as business banking customers.

A recent tax change will provide more stability to banks and developers that use the low-income housing tax credit program, and the supply of below-market-rate apartments should increase as a result. But it's not enough to create the economic incentives needed to meet skyrocketing demand for affordable housing in the U.S.

While it searches for a permanent deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.

Ohio Valley Banc Corp. in Gallipolis, Ohio, has agreed to buy Milton Bancorp in Wellston, Ohio. The $808 million-asset Ohio Valley said it will pay about $20 million in cash and stock for the parent of Milton Banking Co.

A concept that predated bitcoin itself is becoming more than a thought exercise as blockchains explore ways to harness smart contracts for greater uses.

First Express of Nebraska in Gering and First Wyoming Bancorp. in Laramie have agreed to merge. The companies did not disclose the price of the deal, which is expected to close by mid-2016.