Retail & Commercial

HSBC Holdings (HSBC) said Irene Dorner will retire as chief executive of its U.S. banking unit and will be succeeded by HSBC executive Patrick Burke.

The Supreme Court told a lower court to take another look at a ruling that let the National Credit Union Administration sue a group of banks for allegedly deceiving investors about mortgage-backed securities.

Capital One, with more than 250 branches in New York, agreed to limit its use of customer-screening databases that barred many low-income consumers from getting bank accounts, state officials said.

An operation that sent millions of spam text messages to consumers across the U.S. with false promises of gift cards to retailers has settled FTC charges.

Many bankers are accusing their competitors of softening loan terms to stay competitive. Here are seven ways bankers are easing credit standards to court business borrowers.

GreenStar Payment Solutions, a venture of SinglePoint, Advanced Content Services and GreenHouse Payment Solutions, is offering debit card acceptance to legal marijuana dispensaries through the use of cashless ATMs.

Univest Corp. of Pennsylvania (UVSP) in Souderton said its president of wealth management is leaving to lead a nonprofit financial services firm whose operations include a credit union.

National Bank Holdings (NBHC) in Greenwood Village, Colo., has tapped a recently retired banking commissioner to join its board.

Commerce Bancshares (CBSH) of Kansas City, Mo., expects to sell $150 million in preferred stock, which it will use to buy back $200 million of its common stock.

The state of California is seeking a 12-month license suspension for CashCall, a high-cost lender that's come under fire in numerous other states.