Retail & Commercial

A group of technology companies is working to build digital currencies into Web browsers, a move that could help payment methods such as Bitcoin thrive.

The $7.2 billion-asset company will auction between $15 million and $35 million of senior notes, it announced Friday.

KeyCorp (KEY) has sold its asset management and broker-dealer businesses for more than $50 million less than originally anticipated.

HSBC may say first-half profit rose 13% as bad loans in the U.S. shrank after Chief Executive Officer Stuart Gulliver sold assets to focus on more profitable markets.

Improved loan quality is allowing banks to reduce provisions, but industry experts believe that option may soon be tapped out.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Pacific Trust Bank in Los Angeles has exercised its option to buy CS Financial in Beverly Hills, the bank said in a regulatory filing. Jeffrey Seabold, the managing director of Pacific Trust's residential lending division, is a majority owner of CS.

Bank of America said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings, signaling the firm faces another round of legal battles tied to home loans and underwriting.

This is a work of fiction. Any resemblance to real merchants, bankers, lobbyists, or politicians, living or dead, is purely coincidental.