Retail & Commercial

JPMorgan Chase Vice Chairman James B. "Jimmy" Lee died unexpectedly Wednesday morning, the bank said in a statement from Chief Executive Officer Jamie Dimon. He was 62.

First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.

Glenn Moyer, the former banking commissioner of Pennsylvania, has joined a banking risk-management consulting firm.

A Seattle-based company is trying to make it easier for individual investors in peer-to-peer loans to cash out early.

Signature Bank in New York has added former Rep. Barney Frank to its board. The $29 billion-asset company said that Frank filled a seat previously held by Alfred DelBello, a former lieutenant governor of New York who died last month. This is Frank's first appointment to a bank board.

BOK Financial in Tulsa, Okla., and Webster Financial in Waterbury, Conn., each reported that its Tier 1 common equity ratio would remain above regulators' minimum guideline, as regional banks continue to disclose Dodd-Frank Act stress-test results.

Payday lending activity increased in California last year, but the size of loans and fees charged both declined, according to a new report from California's banking regulator.

The settlement by the California agency and debt buyer forgives more than $600,000 in consumer debt. The company did not admit any wrongdoing.

American Founders Bank in Lexington, Ky., has agreed to sell itself to a real estate developer.

Six banks including JPMorgan Chase and Wells Fargo have been placed under further business restrictions after the Office of the Comptroller of the Currency determined they had yet to fully meet regulatory orders related to the independent foreclosure review which began in 2011.