Retail & Commercial

Sens. Joe Manchin, D-W.Va., and Roger Wicker, R-Miss., introduced legislation Monday to address concerns about how collateralized debt obligations backed by trust-preferred securities are treated under the Volcker Rule.

Banks could save money -- and avoid having to sell to, or buy other, banks -- by sharing the costs of compliance checks, account databases and even branch space, a new report from the accounting firm EY suggests.

A 30-hour six-alarm fire ravaged a two-story Citibank branch in the Morningside Heights section of Manhattan over the weekend.

A former Washington Mutual executive pleaded guilty in federal court in Bridgeport, Conn., Monday to accepting an illegal kickback.

FNBH Bancorp (FNHM) in Howell, Mich., has raised $16.4 million through a private placement.

Three Missouri businessmen accused of defrauding Excel Bank, which later failed, were arraigned in federal court in St. Louis on Friday.

New York Community Bancorp CEO Joseph Ficalora continues to look for a transformative acquisition to cross $50 billion in assets -- even if it invites extra regulatory scrutiny.

A U.S. district court has halted and frozen the assets of an Orlando, Fla.-based operation that used pre-recorded telephone calls, also known as robocalls, to pitch purportedly free medical alert devices to senior citizens by falsely stating the devices had been purchased for them by a relative or friend.

Instead of trying to blame the Target breach on card companies and drag unrelated issues into the discussion, merchants should work with the payments industry to find solutions.

Coastway Bancorp in Cranston, R.I., expects to complete its conversion to a public holding company by the close of business on Tuesday.