Retail & Commercial

In at least three recent instances, trust-preferred investors have filed lawsuits against lenders who either bought or sold banks in transactions designed to bypass such debtholders.

LendingTree already facilitated small-business loans through its online marketplace that funds consumer and other loans; its web portal opened Wednesday exclusively shops small-business loans to individual and institutional investors.

The Oregon bank continues to draw consumers in unexpected ways. Its traveling digital art show, called “Exhibit: Growth," underscores how financial institutions are rethinking the ways they advertise their services.

Beal was a senior vice president in transaction management at Clayton Holdings and an advocate for tougher due diligence in residential mortgage-backed securities after the financial crisis.

New York regulators on Wednesday are set to announce new debt collection rules that will require collectors to produce loan documents or a court judgment if requested. Regulators believe the rules will help guide an industry that has gone largely unregulated despite thousands of consumer complaints each year.

Depositors at Reading Co-operative in Reading, Mass., approved a plan to make it more difficult for the thrift to convert to a public stock company.

An Atlanta-based health billing company and its former CEO settled Federal Trade Commission charges that they misled thousands of consumers who signed up for an online billing portal.

Charity care and community benefit at the Cleveland Clinic jumped to $652 million in 2013, up 7% from $610 million in 2012, according to numbers released by health system.

James Ladio, a former chief executive of MidCoast Community Bank in Wilmington, Del., was sentenced to two years in prison for his role in a fraudulent loan scheme.

Recent technological advancements are forcing banks to change the way they do business while staying true to the customer relationships that determine their success.