Retail & Commercial

Brian Bailey, who oversaw Wilmington Trust's lending activity in Delaware, conspired to conceal the company's actual financial condition, according to a news release issued Monday by the Special Inspector General for the Troubled Asset Relief Program.

The Office of the Comptroller of the Currency has issued new guidelines on the sale of consumer debt, a move that could help reform a practice that consumer groups say is plagued by errors and abuses.

Equity Bank in Wichita, Kan., has agreed to sell two Kansas City branches to TriCentury Bank in Simpson, Kan.

The Department of Justice subpoena asks for documents related to representations and warranties made by GM's financing arm on auto loans that were packaged into securities.

Peoples Bancorp in Marietta, Ohio, has agreed to buy NB&T Financial Group in Wilmington, Ohio.

Evercore, an investment bank that often advises others on M&A deals, plans two acquisitions of its own.

When consumer groups sent mystery shoppers into big-bank branches to learn about overdraft coverage, they were given information that was incomplete, confusing or flat-out wrong, according to a new report.

Second-quarter earnings at the country's largest mortgage banks met analyst expectations, according to a recent report from Keefe, Bruyette & Woods.

Bond investors are demanding to be paid more to potentially bear losses on mortgages guaranteed by Freddie Mac as risk-sharing notes that were sold earlier by the firm and competitor Fannie Mae slump.

The senior officer loan survey, which is released by the Fed every three months, asked both large U.S. banks and foreign banks about the effect the new ability-to-pay and qualified mortgage rules were having on approval rates for various types of home purchase loans.