Retail & Commercial

U.S. Bancorp (USB) in Minneapolis has hired Bank of America (BAC) executive Michael Righi for two important West Coast jobs.

A Treasury Department program that supplies credit to small businesses spurred $1.9 billion in loans and created or saved 53,000 jobs in its first 18 months of operation, the department says.

The Federal Housing Administration is asking for a $1.7 billion draw from the U.S. Treasury for the end of the fiscal year, up from an earlier estimate in President Obama's April budget.

Expand by acquisition or through organic market penetration. The most successful banks will include both strategies in their future plans.

Democratic lawmakers including Senator Elizabeth Warren today demanded that eight U.S. banks produce information about agreements they may have with colleges to encourage students to use their products.

Because third-party processors are on the hook for losses from fraudulent transactions, they have as much interest in eliminating bad actors as anyone.

Investors Bancorp (ISBC) in Short Hills, N.J., and Roma Financial (ROMA) in Robbinsville, N.J., have extended the deadline for their merger while they wait for regulatory approval.

Two Ohio tax service store managers have been indicted on federal fraud charges related to tax returns they prepared in 2011. The tax and loan scheme cost the government more than $250,000.

A federal court has halted a scheme involving a non-existent money-lending service that allegedly conned more than $6 million from U.S. and Canadian consumers.

Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., didn't have to look far to find its permanent chief financial officer.