Retail & Commercial

The Federal Agricultural Mortgage Corp. (AGM) plans to sell $75 million worth of preferred stock in a public offering.

Innovation can come from unlikely places. Five years ago, few would have guessed that the most widely available mobile wallets would be developed by companies like Starbucks and Google, which built their names in completely different fields. Several more disruptors are joining the scene, with even weirder origins.

A recap of the informed opinions (and they discussions they generated) on BankThink this week.

Bill Cooper could step down as the Minnesota company's chief executive sometime next year, and two insiders appear to be the early favorites to replace him.

Moody's Investors Service has downgraded its credit rating on First Niagara Financial Group (FNFG), citing concerns about the Buffalo banking company's asset quality, profitability and capital levels.

Retailers face an uphill battle after an appeals court panel rules that banks shouldn't have to sacrifice another big chunk of their debit interchange revenue.

Credit Suisse Group AG (CSGN), Switzerland's second-biggest bank, agreed to pay $885 million to settle lawsuits by the Federal Housing Finance Agency over mortgages sold to Fannie Mae and Freddie Mac.

A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.

F&M Bank Corp. (FMBM) in Timberville, Va., has raised $12 million in a private placement.

A federal appeals court ruled Friday that the Federal Reserve acted appropriately in setting restrictions on debit card swipe fees, marking a critical victory for banks and a major setback for retailers. American Banker editors discuss what the ruling is likely to mean for the debit card industry and whether it represents the end of the high-stake battle.