Retail & Commercial

Independent Bank in McKinney, Texas, is planning to raise capital by issuing debt.

"The real question for me is should we be in the FHA business at all," the CEO says.

Shares of Bank of the Ozarks (OZRK) rose in early trading Tuesday after the Little Rock, Ark., company reported a 30% increase in its second-quarter profit.

Commerce Bancshares (CBSH) in Kansas City, Mo., reported higher quarterly earnings because of a slight increase in revenue.

Frederick J. Hanna & Associates responded to a lawsuit filed Monday by the Consumer Financial Protection Bureau.

Australian banks give homeowners greater flexibility with portable loans and an option that lets customers make prepayments on their mortgages and tap into the extra cash later. American banks could increase customer retention — and build stronger client relationships — by doing the same.

The number of U.S. homes using only wireless telephones is growing, with two in every five households (41%) in the second half of 2013 reporting relying solely on cell phones, according to a National Health Interview Survey.

The FDIC, OCC and Federal Reserve all plan to testify Tuesday that banks, not their regulators, are ultimately responsible for deciding who is an appropriate customer.

JPMorgan Chase & Co., the biggest U.S. bank, posted second-quarter profit that beat estimates as fixed-income trading revenue fell less than analysts expected. Shares rose in early trading.

TowneBank (TOWN) in Suffolk, Va., has agreed to buy Franklin Financial (FRNK) in Richmond, Va.