Retail & Commercial

John Hairston will stay in the newly combined role, while Carl Chaney plans to retire on Dec. 31. Hancock has been pressed by Wall Street in recent years to get more aggressive cutting costs after buying Whitney Bank.

An Orlando, Fla.-based operation that allegedly bilked seniors by using pre-recorded robocalls to sell supposedly free medical alert systems has agreed to shut down to settle charges brought by the Federal Trade Commission and the Florida attorney general's office.

A U.S. Treasury Department pilot program involving taking over the collection of defaulted student loan accounts could mean the work eventually will be pulled from private debt collection agencies.

Fannie Mae has entered into deals with JPMorgan Chase and other companies that transfer some of the credit-loss risk on mortgage-backed securities to investors. Not only do these deals reduce the danger that taxpayers could be forced to cover the GSEs' losses, they may help make mortgages more affordable.

Royal Financial in Chicago has agreed to buy PNA Bank in Chicago.

Kim Kardashian may be an overexposed reality star, but she's also a tech entrepreneur with a short-lived past in the payments industry. And several companies in the Bitcoin space are repeating her biggest mistake by offering a plastic payment card.

Co-branding credit card partnerships has never been smooth sailing, but competition has clearly gotten tougher amid Apple Pay's launch.

New York financial regulator Benjamin Lawsky held up the deal shortly after it was announced in January, and regulatory and legal concerns had mounted since then.

Bank industry representatives initially panned the concept of the Postal Service offering retail banking products. But as the government official behind the idea has made clear that he is interested in collaboration with the private sector, attitudes have begun to change.

Iberiabank Corp. in Lafayette, La., was initially willing to pay up to $24 million more than what it eventually agreed to pay for Florida Bank Group in Tampa.