Retail & Commercial

Ally Financial announced a shuffling Wednesday at the top of its dealer financial services business.

Those who wanted to greatly expand the power of government over the financial sector, especially to expand the discretionary power of unelected agencies, took full advantage of the opportunity.

General Electric Co. plans to seek as much as $3.5 billion in the initial public offering of its North American consumer-lending business, now called Synchrony Financial.

A trio of mutual thrifts have filed paperwork to sell a total of $350 million in stock as part of planned conversions to stock companies.

The $3.7 billion-asset company filed a registration form with the Federal Deposit Insurance Corp. on March 10 for an initial public offering.

The defendants behind the operation allegedly misrepresented their background and authority, disclosed debts to third parties and threatened consumers with arrest and other legal consequences.

Hundreds of community bankers gathered in Honolulu last week, trying to reconcile their sense that the economy is back on track with their concerns about costly regulations and unfair competition. The following is an overview of the conflicting messages they shared and heard.

OneUnited Bank in Boston is trying to help people get back on track economically with two new programs.

Illinois taxpayers had to fund more than $318 million in interest payments in fiscal year 2013 to vendors who weren't paid as a result of the state's ongoing cash flow woes.

A movement to jump-start affordable-housing development is gathering momentum in New York and elsewhere, and bankers are concerned that new mandates would cut into their profits on loans for such projects.