Retail & Commercial

House Majority Leader Eric Cantor's loss to an unknown Tea Party challenger sheds new light on the deep divisions in the Republican Party, which is ultimately likely to have a large impact on the debate over financial policy.

The Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit.

U.S. Bancorp (USB) in Minneapolis has completed its purchase of Citizens Financial Group's Charter One franchise in Chicago.

Banks can boost productivity with a number of counter-intuitive practices. For starters, they can let customers wait in line for a little while.

First National Bank of the Gulf Coast in Naples, Fla., will change its name when it becomes a state-chartered bank.

Green Dot (GDOT) has hired former American Express (AXP) executive Thien Truong as senior vice president of business development and sales.

American Express has hired Laureen Seeger as its new general counsel.

The recent proposal for the U.S. Postal Service to sell banking services invites comparisons to Walmart's equally controversial, and ultimately abandoned, 2005 bid for a banking charter. Both would-be financial industry game-changers are large and ubiquitous, but there are some notable differences.

Banking lawyers are working overtime as their employers tangle with prosecutors, regulators and private litigants in lawsuits, settlement talks and regulatory crackdowns. Here is your scorecard of legal fights over a host of issues likely to linger.

Bitcoin has come a long way from its meager beginning in 2009, when one bitcoin was worth a fraction of a penny. As its price and popularity grows, the decentralized digital currency is racking up a pretty note-worthy list of celebrity endorsers.