Retail & Commercial

The Federal Home Loan Bank of Chicago announced Monday it plans to issue mortgage-backed securities guaranteed by the Government National Mortgage Association, or Ginnie Mae.

A breakdown of M&A announcements in the financial services industry for the week ended Sept. 7.

Capital Bank Financial in Coral Gables, Fla., has gone more than a year since its last acquisition — a common problem for M&A-minded banks these days. Its leaders urged shareholders to be patient in a sales pitch that other execs in the same bind could learn from.

JPMorgan Chase said it would stop accepting commissions from Assurant under a settlement reached Friday. The two firms have also agreed to pay up to $300 million to resolve allegations that they overbilled homeowners.

Umpqua Holdings, Oregon's biggest bank, is in advanced talks to buy Sterling Financial, the lender backed by Warburg Pincus and Thomas H. Lee Partners, said people with knowledge of the discussions.

TAMPA, Fla. – Fast-growing Grow Financial FCU announced today it is opening its first out-of-state branch this fall in Columbia, S.C., the first of 15 branches the $1.9 billion credit union plans for South Carolina.

Buttercoin wanted to be a Bitcoin exchange, but after being discouraged or outright rejected by over 76 financial institutions, it chose a different path.

Rising mortgage rates probably won't slow the housing recovery because new families are being created and homes are still affordable, Wells Fargo Chief Financial Officer Tim Sloan said.

The Federal Reserve Bank of Atlanta has approved two Atlantic Coast Financial (ACFC) board nominees proposed by dissident investor Jay Sidhu.