Retail & Commercial

Banks partnering with prepaid card providers face the potential of higher deposit insurance fees and other ramifications from the Federal Deposit Insurance Corp. classifying accounts as "brokered."

Aiming to address a nationwide shortage of affordable housing, FHA has launched a risk-sharing pilot program that it hopes will encourage community development lenders to finance the rehabilitation of smaller multifamily apartments.

UMB Financial in Kansas City, Mo., reported lower quarterly profits after taking a loss on certain alternative investments.

Arch Capital Group is repurposing a subsidiary to insure mortgages that are headed for private securitizations. Insuring such loans separately from the unit that works with Fannie and Freddie lets Arch offer more favorable terms to lenders.

Citigroup has agreed to change its policies that prevented low-income consumers from opening checking and savings accounts.

Anchor Bancorp in Madison, Wis., has agreed to sell one of its branches to Royal Bank in Elroy, Wis.

Arizona lawmakers voted Tuesday to expand a program that helps doctors repay their medical school debts if they agree to go where they are needed.

Hudson City Bancorp in Paramus, N.J., reported lower quarterly profits as its loan book keeps shrinking.

Consumer confidence in January rose to its highest point since before the recession, according to a new report.

Doral Financial in San Juan, Puerto Rico, said that the FDIC has placed its bank under a prompt corrective action directive, an enforcement order that is often considered one of the last public warnings before regulators move to place the bank into conservatorship.