Retail & Commercial

Beneficial Bancorp in Philadelphia has hired a former Susquehanna Bank executive as a consultant.

Discover Financial Services is closing its mortgage-origination business and will offer severance packages to about 460 employees.

A new Fifth Third social media campaign offers recent college graduates free one-on-one career counseling. The initiative is part of a trend of banks allocating marketing dollars to unusual perks and charitable giving to differentiate their brands.

Six months after rolling out new collection rules requiring collectors to - among several measures - produce loan documents or a court judgment upon request, New York regulators on Tuesday released more guidance.

Valley National Bancorp in Wayne, N.J., is planning to issue a combined $200 million in preferred stock and debt.

Steve Apodaca, who recently joined the American Bankers Association, hopes to help farmers navigate falling commodity prices, compete against the Farm Credit System and find ways to lend on new farming technology.

Six regional banks have reported their stress-test results under Dodd-Frank for the first time, projecting Tier 1 common equity ratios ranging from 8.04% to 11.4% after an economic shock. However, several also projected multimillion-dollar losses during the stressful period.

First Reliance Bancshares in Florence, S.C., is again current on its dividends tied to the Troubled Asset Relief Program.

Some argue that nonbank mortgage lenders' rising market share poses a risk to the financial system. But this belief arises from an inaccurate understanding of what is in fact a well-regulated sector.

The Treasury Department's Community Development Financial Institutions Fund has allocated more than $3.5 billion in tax credit awards for low-income urban and rural communities.