Retail & Commercial

PHH Corp. is considering selling its mortgage banking business, a move that is apparently being driven by some of the company's investors.

The Federal Deposit Insurance Corp. has filed a lawsuit against an executive at Renasant (RNST) in an effort to recoup money from a defaulted loan from the defunct Tennessee Commerce Bank.

Talmer Bancorp in Troy, Mich., expects to raise $42.5 million in its initial public offering.

Banks have shied away from private student loans, both because of the need for scale in this business and intense scrutiny from regulators including the Consumer Financial Protection Bureau. But these loans are performing much better than federally guaranteed student loans, says Dan Feshbach, Chief Executive of data company MeasureOne.

Sallie Krawcheck, the former Bank of America and Citigroup executive, said women haven't climbed Wall Street's corporate ranks after the 2008 credit crunch because men tend to hire people like themselves when facing a crisis.

M&T Bank Corp. (MTB) in Buffalo has revised its fourth-quarter and yearly earnings downward due to costs related to a lawsuit against its Wilmington Trust unit.

New York Attorney General Eric T. Schneiderman's office has reached a settlement with Union Workers Credit Services Inc. (UWCS) and its president, Joe Malazzo, banning the company from offering credit or financial services or products in New York.

Daniel Lee has been accepting Bitcoin at his family's seven retail stores in Fort Greene, Brooklyn since March 2013 by having customers send the digital currency to wallet addresses he manages.

An ad campaign begun by the Federal Housing Finance Agency may come too late to boost refinancings by underwater borrowers with loans owned by Fannie Mae and Freddie Mac.

Leading origination outsourcer cites "input" from activist investor Orange Capital.