Retail & Commercial

JPMorgan Chase, the biggest U.S. bank, said fourth-quarter profit fell 6.6% as fixed-income trading revenue dropped 23% and legal costs were about twice as high as some analysts estimated.

Jane Fraser, the CEO of CitiMortgage and head of Citigroup's U.S. consumer and commercial banking units, is handing responsibility for day-to-day global mortgage operations to her current mortgage lieutenant, CD Davies.

The agency appears to be on the verge of reining in lawsuits that have cost banks hundreds of millions of dollars in recent years.

Capital markets hold the key to the future for the consolidating Wall Street landlords, but the path through is downright bloody.

It took more than year for ViewPoint Financial and LegacyTexas to complete a transformational merger near Dallas. The company, which took the seller's name, is now trying to meet its targets in the face of plummeting oil prices.

Lenders and homebuyers should not expect further reductions in Federal Housing Administration's mortgage insurance premiums this year, according to Housing and Urban Development secretary Julian Castro.

As banks look to cuts costs and improve efficiency, many are actively trying to reduce the number of times they "touch" a loan file. The goal: get the application right the first time so it doesn't have to be sent back to the underwriter for time-consuming and costly fixes.

After 18 months of testing, Wintrust is rolling out technology that lets customers order cash ATM withdrawals through a mobile app. The bank aims to quicken transactions, strengthen security and pave the way for mobile wallet adoption.

Fears that lower Federal Housing Administration premiums will negatively affect private mortgage insurance firms are overblown. If anything, the plan should be a modest positive for the overall housing market.

JPMorgan Chase has named Jennifer Piepszak as the chief executive of its business-banking division that focuses on firms with revenue of $20 million and below.