Retail & Commercial

Boards at community banks are being asked to have greater oversight of cybersecurity issues as data breaches continue to mount. The challenge is balancing such work with other demands.

Consumers indicated in August that they are more optimistic about the state of the economy even as they show concerns about the prospects for wage growth, according to the The Conference Board.

Premier Financial in Huntington, W.Va., is planning to redeem preferred stock tied to the Troubled Asset Relief Program.

Congress should impose national data security standards on retailers in order to ward off cyberattacks and ensure the safekeeping of sensitive customer information, according to Carrie Hunt of the National Association of Federal Credit Unions.

The $184 billion-asset company said in a press release Wednesday that Ricky Brown had taken the reins at Branch Bank & Trust.

Flagstar Bancorp is negotiating with the Consumer Financial Protection Bureau over potential violations in the Troy, Mich., company's default servicing business.

Westpac New Zealand is upgrading its data centers, security infrastructure and software development as it seeks to quickly create products for mobile, wearable and other devices.

Citigroup will pay a $1.85 million fine and return more than $638,000 to customers after its securities unit failed to get the best prices for clients in about 22,000 trades over more than three years, the Financial Industry Regulatory Authority said Tuesday.

The Electronic Payments Association has stepped up scrutiny of its automated clearing house network in an attempt to weed out fraudulent charges.