Retail & Commercial

Bank of America has agreed to pay $335 million to settle a lawsuit claiming it misled shareholders about risky mortgages and its dependence on the electronic mortgage registry known as MERS.

Atlantic Capital Bancshares in Atlanta sold $25 million in capital to help fund its purchase of First Security Group in Chattanooga, Tenn.

Investors Bancorp in Short Hills, N.J., posted higher profit in the third quarter, with strong interest income growth offsetting higher employee-related costs.

Charlie Shrem wouldn't let prison stop him from chatting with his online fans. Even after becoming the first person ever convicted of a Bitcoin-related crime, Shrem continues to cultivate a following among Bitcoin loyalists, some of whom paint him as a sort of martyr for the digital currency.

A U.S. district court’s efforts to fight foreclosures in Rhode Island by requiring loan modification talks in pending foreclosure cases has led to mixed results, according to Deputy Special Master Barbara Hurst.

The company recently created a collateralized-debt obligation backed by bank debt, bringing to mind the types of structured investments that plagued smaller banks a few years ago. This time, StoneCastle will hold all the credit risk, instead of selling it off to banks. The CDOs are backed by relatively straightforward sub debt rather than hybrid securities.

The Shazam PIN debit and ATM network has added the Independent Community Bankers Association of New Mexico to its client list.

A top Treasury Department official has expressed concern that small-business owners don't have adequate protections when borrowing from online lenders.

Visa's agreement to reunite with Visa Europe positions the global card brand to better address a world where payments and commerce have fewer borders.

The government's aggressive (and unsuccessful) prosecution of tiny Abacus Federal Savings Bank stands as one of the oddest episodes of post-crisis era.