Retail & Commercial

WASHINGTON — Credit risk is once again taking center stage with regulators after several years in which they warned banks about operational risk and other threats.

"We are reaching that point in the cycle where credit risk is moving to the forefront" of regulatory concerns, Comptroller Thomas Curry warned Wednesday.

Community & Southern Holdings in Atlanta used private equity to buy 14 banks over six years. The time had come to become a seller and give those investors an opportunity to eventually cash out.

American Express Co., the credit-card issuer grappling with the loss of its biggest partner, posted third- quarter profit that missed analysts' estimates as expenses rose and revenue declined.

Dime Community Bancshares in Brooklyn, N.Y., said that Kenneth Mahon will succeed Michael Devine as its president on Jan. 1.

The head of the Consumer Financial Protection Bureau warned software vendors that they face new scrutiny from regulators for causing mortgage lenders to miss the TRID-compliance deadline. He was vague about how far the CFPB might go, but many in the industry are prone to fear the worst.

Washington Federal in Seattle reported higher profit in its fiscal fourth quarter, citing a record level of commercial loan originations.

OnDeck Capital, Lending Club, Funding Circle and Kabbage in the last week have all announced moves designed to boost their loan volumes.

The Georgia company is ready to return to buying banks, but it isn’t looking for a game changer. Rather, management wants to ease into consolidation by acquiring a smaller institution.

First Partners Bank in Birmingham, Ala., and Highlands Bancorp in Vernon, N.J., have both issued subordinated debt, as part of their plans to exit the Small Business Lending Fund program.