Retail & Commercial

VantageSouth Bancshares in Raleigh, N.C., announced that its president will resign.

Two attorneys, an appraiser and two others have been indicted for their roles in a New York mortgage fraud ring that operated for years and netted more than $1 million by preying on first-time home buyers and institutional lenders.

The Financial Crimes Enforcement Network, by hosting the Bitcoin Foundation in Washington D.C. this week, demonstrated its commitment to learning more about the disruptive virtual currency.

Virtual currency operators in Idaho are subject to state money transmission laws if they service Idaho residents, according to a letter from Jim Burns, investigations chief at the Idaho Department of Finance.

Unity disclosed in a regulatory filing Wednesday that it paid the Treasury Department $2.7 million to repurchase a warrant to buy about 765,000 shares of common stock.

At least nine lenders have halted operations in the three weeks since state regulators began pressuring banks to cut off their access to the payments system.

Six federal agencies have re-issued their proposal for defining "qualified residential mortgages" that avoid risk retention, which is more to the industry's liking than a 2011 plan. But a much tougher alternative is still drawing attention.

Wells Fargo (WFC) is temporarily waiving all fees on remittances to the Philippines to make it easier for customers to send aid to flood victims in the Southeast Asian country.

Rosemary Berkery, who heads UBS's U.S. bank, knows her commercial banking rivals are gunning to win away the bank's super-rich clientele. In an interview, she explains how UBS is fighting back by offering wealthy customers new banking products, like mortgages and credit cards.

CresCom Bank in Myrtle Beach, S.C., has agreed to buy a branch from First Carolina Bancshares in Waterboro, S.C.