Retail & Commercial

African Americans encounter unique financial strain and are harmed more than other groups from their credit card debt, according to a report from Demos and the NAACP.

Kenneth Palattao, formerly of the Mayo Clinic, has joined The Private Client Reserve of U.S. Bank. The wealth management unit's customers include health care professionals and businesses.

Toronto-Dominion Bank (TD), Canada's second-largest lender, said fiscal fourth-quarter profit rose 1.3 percent as domestic retail banking and wealth-management earnings increased.

A decision by Popular (BPOP) in San Juan, Puerto Rico, to reduce its stake in a former technology subsidiary could help it exit the Troubled Asset Relief Program.

Royal Bank of Canada said Chief Executive Officer Gordon Nixon will retire next year as the nation's largest lender reported fiscal fourth-quarter profit that beat analysts' estimates on gains in investment banking and consumer lending.

The Fed's vision of a vastly improved payments system within 10 years is getting a chilly reception from a group representing the nation's largest banks.

Louisiana's new Office of Debt Recovery will open in January and have the authority to revoke licenses from consumers, seize bank accounts and take tax refunds to pay down delinquent accounts.

While Bitcoin sometimes gets a bad rap with law enforcement officials, the police chief of Vicco, Ky. will begin getting his salary in the digital currency.

United Community Financial (UCFC) in Youngstown, Ohio, has been released from a memorandum of understanding with the Federal Deposit Insurance Corp. and state regulators.

WSFS Financial received more than 1,300 submissions to its annual pet photo contest, and donated roughly $2,500 to the Delaware Humane Association.