Retail & Commercial

Elizabeth Warren is proposing to allow outstanding student loan borrowers to enjoy low rates by removing certain tax advantages for the wealthy.

Midstate Bancorp in Baltimore has filed paperwork to sell up to $34.4 million in stock as part of a planned conversion to a stock company. Sandler O'Neill is assisting with the offering.

Bill Ackman, who runs the $15 billion Pershing Square Capital Management LP, said that Fannie Mae (FMCC) and Freddie Mac will probably soar because there's no way to replace the mortgage guarantee companies.

Wayne Griest, Continental's chief executive, once worked with Bryn Mawr's CEO at another institution. That familiarity came in handy as the two banks began discussing the potential of a merger.

Wells Fargo (WFC) and American Express (AXP) launched two new products on Tuesday: the Propel 365 and Propel World credit cards.

The New York company has emerged from a regulatory order with a stated goal of branching out from a longtime focus on commercial real estate by adding specialty-lending lines. Now management is looking to leverage a huge cash buffer and strong deposit base.

Thanks to redevelopment efforts in the once-neglected downtown areas of Buffalo, Detroit and other cities, banks are seeing improvements to their bottom lines. Banks and developers credit a federal historic tax credit program for the results.

Homeowners who dealt with a single person at their mortgage servicer were twice as likely to get a loan modification and half as likely to be denied one, according to a Fannie Mae study.

Organic loan growth propelled the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended March 31.

With 10 closed deals in the Accounts Receivables Management and Revenue Cycle Management industries in Q1, the global M&A market is off to a strong start in 2014, according to a new report.