Retail & Commercial

Deborah Wright, who is set to retire as Carver's CEO at year-end, says the New York bank is preparing new products to reach underserved parts of the city. While she says community development banks should merge, Carver has no immediately plans to roll them up.

NCR Corp. has installed what it calls the first-ever automated teller machine in Somalia.

Bank directors and officers who agree to settle claims brought by the Federal Deposit Insurance Corp. in its capacity as receiver may find themselves next confronting a lifetime ban from the industry.

Tax authorities all over the world are making decisions on how to view the new and increasingly popular decentralized digital currencies such as Bitcoin.

MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment cards, a mission that has sputtered in past years.

Banks would have to upgrade their systems to accommodate faster transactions, and originating banks would pay the receiving financial institutions a fee to cover those costs, under a plan from Nacha, the industry group that sets ACH rules.

The Consumer Financial Protection Bureau has released its semi-annual report to Congress. The report includes a review of the complaint process and collection industry rules.

M&T Bancorp in Buffalo, N.Y., has once again delayed its planned purchase of Hudson City Bancorp in Paramus, N.J.

Centrue Financial in Ottawa, Ill., has sold $35.2 million in classified loans and other assets.

John Grayken, the billionaire who made his fortune betting on troubled borrowers, has joined the bidding for Citigroup's subprime-lending arm, OneMain Financial, people familiar with the matter said.