Retail & Commercial

The Federal Deposit Insurance Corp. has filed more lawsuits against the directors and officers of failed financial institutions in 2013 than in any year since the recession, according to a Cornerstone Research report released Monday.

Many regulators and pundits overlook the distinct difference between responsible lenders who offer a safe, reliable loan product, and unscrupulous lenders who commit fraudulent acts and scam consumers.

The latest revelations about the National Security Agency confirmed what many in the payments industry had long suspected: the agency is watching electronic transactions along with communications.

The financial lure of credit cards has become increasingly hard to resist for regional banks that exited the business several years ago.

King Bancshares in in Kingman, Kan., has merged its consumer finance unit, Western Credit, into its Citizens Bank of Kansas.

American Express, Wells Fargo and Citigroup are continuing to sell controversial credit card payment protection and monitoring services, even as the industry braces for a second round of regulatory crackdowns.

OnDeck, a New York-based online lender that makes small-business loans, announced Monday that it has raised $130 million in new debt funding.

Banc of California (BANC) in Irvine has acquired the investment advisory firm Palisades.

James Rohr plans to leave the board of directors of PNC Financial Services (PNC) in April, one year after stepping down as chief executive.

Hampden Bancorp sent a letter to shareholders urging them to reject as board members two candidates proposed by Clover Group, a Dallas hedge fund that controls about 6.8% of Hampden's voting rights.