Retail & Commercial

SunTrust Banks is planning to sell $2.1 billion in government-guaranteed, performing residential mortgages this quarter, after selling $325 million last quarter, to meet proposed Basel III regulatory liquidity coverage ratios.

Hampton Roads Bankshares has hired four lenders from Northwest Savings Bank in Baltimore to run its new commercial lending office there.

A U.S. district court on Monday halted a Buffalo, N.Y.-based collection agency from doing business, froze the operation's assets and appointed a temporary receiver to take over the defendants' business pending trial.

Federal regulators hope hackers can help put a stop to automated telemarketing calls such as the well known "Rachel from Cardholder Services."

SunTrust Banks (STI) said second-quarter profit rose on higher revenue from investment banking and the sale of an asset-management unit.

BB&T (BBT) in Winston-Salem, N.C., reported a decline in quarterly earnings because of lower mortgage activity and a narrower net interest margin.

Supporters of Bitcoin and other digital currencies have created a trade association called the Chamber of Digital Commerce to make their voices heard in Washington.

IMGCAP(1)]

The appeals process initiated by retailers just a few days after a district court approved a $5.7 billion settlement in the years-long swipe-fee case will proceed.

Regulators on Friday closed Eastside Commercial Bank in Conyers, Ga., the 13th institution to fail this year.