Retail & Commercial

The Lamassu Bitcoin machine, a so-called Bitcoin ATM that allows consumers to deposit cash to buy bitcoins, has its first buyer.

Ally Financial has completed the sale of its Brazil operations to General Motors Financial Co., a subsidiary of the automaker GM, it said. Ally (which was once itself a GM subsidiary) received $611 million in the sale.

Fed Chairman Ben Bernanke bit on James Bullard's joke about the superiority of St. Louis' baseball team over Washington's, but he avoided the bait to discuss the federal shutdown.

Doral Financial (DRL) in San Juan, P.R., has appointed veteran banker David Hooston as chief financial officer and executive vice president.

The Debit Interchange Fee Study Act called for a six-month regulatory study on the cost of the rules and their impact on consumers. There are good reasons to revisit that approach now.

Home Bancorp (HBCP) in Lafayette, La., has filled two top banking roles.

First Sound Bank in Seattle has been released from a regulatory action after improving its capital levels.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon stepped down as chairman of the lender's main bank subsidiary at the start of July, according to a person briefed on the move.

Bay Commercial Bank (BCML) in Walnut Creek, Calif., has appointed a state regulator as its new chief risk officer and senior vice president.

Fifth Third Bancorp (FITB) in Cincinnati was ordered this week to pay First South Bank in Spartanburg, S.C., $2.8 million in damages for a real estate deal gone sour.