Retail & Commercial

The U.S. unit of Chinatrust Commercial Bank is changing its name to CTBC and offering more services to attract a broader range of customers. But it faces the same challenges other community banks are encountering as they try to expand beyond their traditional boundaries.

The defendants in Tampa, Fla.-based operations that allegedly bilked consumers of millions of dollars are banned from providing the types of financial services used in their schemes. The settlement includes a $25.3 million judgment against one defendant.

Michael Loughlin, the chief risk officer of Wells Fargo, has been elected chairman of the Risk Management Association in Philadelphia.

Toronto-Dominion Bank, Canada's second-largest lender by assets, is ramping up its U.S. asset-management business while doubling the number of advisers for wealthy American clients in an bid to accelerate profit.

Jayme Fields, the chief financial officer of 1st Capital Bank (FISB) in Monterey, Calif., has resigned.

Remittances from the West are a lifeline for many people in the developing world, but anti-money laundering compliance requirements have made it hard for banks and money transmitters to service this market. Ellen Zimiles of Navigant Consulting discusses the delicate balance between regulatory and law enforcement concerns, on the one hand, and business and humanitarian goals on the other.

Time Inc., the largest magazine publisher in the U.S., is in advanced talks to buy American Express Co.’s publishing arm, including titles such as Food & Wine and Travel + Leisure, according to an executive with direct knowledge of the plans.

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

Electronic payment companies design, build and operate costly networks that provide secure payment transactions to merchants. Such providers incur significant costs for the services they provide and deserve to charge a market-based rate to their customers.

Old National Bancorp in Evansville, Ind., has agreed to buy Tower Financial in Fort Wayne.