Retail & Commercial

Wells Fargo (WFC) said Thursday it will terminate eight mortgage joint ventures including a partnership with HomeServices Lending, an affiliate of Berkshire Hathaway.

New York financial regulator Benjamin Lawsky has proposed rules that would require improved record keeping and overhaul other practices at banks and third-party debt collectors.

More fee income and a better credit picture propelled Susquehanna Bancshares (SUSQ) in Lititz, Pa., in the second quarter.

Bankers have been seeking more leeway on loan workouts with recent graduates struggling to make their payments. The federal banking agencies responded Thursday, but not in the way the industry had hoped.

E-Trade Financial Corp (ETFC) recorded a large loss in the quarter that ended June 30 after management decided to solicit buyers for its market-making unit.

Texas Capital Bancshares (TCBI) in Dallas posted lower quarterly income due to a spike in expenses.

Sen. Bob Corker, R-Tenn., a co-author of housing finance legislation, urged the House and Senate to pass their bills that offer different replacements for Fannie and Freddie. The bills can be reconciled in negotiations later, he said.

Slowly but surely, community banks have been lending out more of the deposits they take in, a healthy sign for the industry’s profitability.

Fee income and better credit quality helped First Merchants Corp. in Muncie, Ind., beat its second-quarter estimates.

Normally low-profile PacWest CEO Matt Wagner could get a night gig emceeing roasts or appearing at an L.A. comedy store, a sometimes-lighthearted conference call revealed this week.