Retail & Commercial

Recovery rates for covenant-lite loans, which impose few financial restrictions on debtors, were pretty decent during the last downturn. But history may not repeat itself.

As Bitcoin's first-mover momentum spreads the digital currency's adoption, the "proof of work" model it uses to confirm transactions is coming under scrutiny, providing an opportunity for alternative currencies to win favor.

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Katahdin Bankshares (KTHN) in Houlton, Maine, has completed a $10 million private placement.

WASHINGTON — Regulators on Friday closed Freedom State Bank, in Freedom, Okla., the 12th institution to fail this year.

Banks would get protection from the Justice Department's investigation of mass-market consumer fraud under legislation sponsored by Rep. Blaine Luetkemeyer, R-Mo.

LendingClub Corp., the largest U.S. peer-to-peer lender, is planning an initial public offering in the second half of the year and may raise about $500 million, people with knowledge of the matter said.

Community-sized institutions with cybersecurity gaps are facing new attention from regulators under a pilot exam project.

Canadian Imperial Bank of Commerce, the lender that sold half its most popular credit-card portfolio last year, will offer a new card that rewards users with loyalty points for doughnut chain Tim Hortons Inc. (THI)

Needham Bank has too many loans and not enough deposits. Its solution — to aggressively add branches — runs counter to emerging trends in the banking industry.