Retail & Commercial

U.S. Century Bank in Doral, Fla., has gained a pair of new investors and lost two others in the latest chapter of the struggling bank's $50 million recapitalization plan.

Michael Coyne, co-head of litigation for JPMorgan Chase, will become general counsel at Union Bank. He is the latest senior executive to depart JPMorgan as its legal and regulatory troubles mount.

The company, which lost millions of dollars after straying from core banking, has returned to its roots as a traditional banking around Philadelphia.

A Bitcoin trade group will meet today with the U.S. Treasury Department's Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.

The housing industry is stepping up behind-the-scenes lobbying to alter the housing finance bill sponsored by Rep. Jeb Hensarling and perhaps kill the legislation entirely.

A Bitcoin trade group will meet today with the U.S. Treasury Department's Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.

Community Bank Shares in New Albany, Ind., has lowered its cost estimates for integrating First Federal Bank in Lexington, Ky.

Western Sky Financial, an online loan company based on the Cheyenne River Reservation in South Dakota, cites "unprecedented government interference" as the reason for laying off the majority of its employees.

Microsoft Corp.'s Microsoft Points, a virtual currency used to buy games and other digital media on its Xbox consoles, is being eliminated today.

Sun Bancorp (SNBC) in Vineland, N.J., has hired a veteran banking executive to become its chief credit officer.