Retail & Commercial

The Dodd-Frank Act and other financial regulations enacted in the wake of the financial crisis have made banking a "worse place" by adding unwieldy and unnecessary restrictions on big banks, says Dick Bove. The longtime bank analyst also points a finger at regulators for failing to adequately enforce existing regulations in the lead-up to the crisis, a point he discusses at length, while defending big banks, in a new book.

The New York company believes that "delighting customers" with an electronic birthday greeting will translate into more business, says its executive in charge of consumer and community banking.

Neighborhood National Bank in San Diego has named a former leader of Regents Bank as its president and chief executive.

JPMorgan Chase (JPM) is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.

Visa and MasterCard have little real interest in implementing effective security because they don’t absorb fraud losses.

In an attempt to expand business in the Boston area, People's United Bank has hired a Boston-based senior vice president away from Citigroup (NYSE: C).

Coastway Bancorp in Cranston, R.I., is planning to raise roughly $48.3 million in its conversion to a 100% stock-owned company.

Banco Santander SA's U.S. consumer lender subsidiary, which originates subprime loans for new- vehicle purchases and leases, is seeking to raise as much as $1.56 billion in an initial public offering.

Zombie companies have survived on the loose monetary policy of the past few years, designed to help at-risk businesses stay afloat and keep people employed in the wake of the financial crisis. But forthcoming changes will make it hard for these firms to repay their debt.

Gains in student and auto loans fueled an increase in consumer borrowing in November, according to the latest Federal Reserve G.19 report.