Retail & Commercial

Freddie Mac is selling more than $1 billion of soured U.S. home loans in its largest sale of the debt. Potential buyers are bidding on three pools of nonperforming loans, with unpaid principal balances of about $660 million, $249 million and $125 million.

Peapack-Gladstone Financial in Bedminster, N.J., has agreed to buy Wealth Management Consultants in Morristown, N.J.

Ohio's largest mutual bank is planning to form a holding company to position itself for acquisitions and other growth opportunities.

Signature Bank in New York has opened a private banking office in Greenwich, Conn.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the best way to instill ethical culture and what the U.S. can learn from foreign countries' efforts to reach the unbanked.

The usefulness of in-store branches is a hotly debated topic in the banking industry. But some institutions are successfully landing customers — and increasingly valuable deposits — through such locations.

Bank of New York Mellon is building out a new investment firm with the mortgage specialist Amherst Holdings. The move is its second major commitment to a fixed income-related fund this year.

An Illinois federal court dismissed a Fair Debt Collection Practices Act case that involved a collection account number being visible on an envelope containing a debt collection letter. The decision goes against a high-profile collection case ruling last year.

UnionPay International, a Shanghai-based subsidiary of China UnionPay, has launched a rewards program with duty free businesses at airports around the world.

Unifund Group has acquired First Resolution Investment Corp., including all assets and an estimated 72,000 accounts with a face value of $1 billion.