Retail & Commercial

Principal Financial agreed to sell $200 million of deposits from its savings and loan unit and said the business plans to divest commercial loans as part of an effort to limit the insurer's role in banking amid greater U.S. supervision.

The strengthening economy helped, but the improvement in credit quality was also aided by the sale of poor-performing loans to servicers that are outside the federal banking system.

Too many banks still make too much money at the expense of their customers, and it is one of the biggest reasons the American public has lost faith in them.

After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.

The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.

WASHINGTON — The Federal Reserve Board will meet Tuesday to vote on the Basel III capital and liquidity rules to be applied to U.S. banks, the central bank said Thursday.

The void left by the demise of subprime credit cards helps explain why many nontraditional lenders are looking for new ways to cater to Americans with shaky credit histories.

Peter Aceto, the CEO of ING Direct Canada, joined the "Daily Show" in a spoof of bank regulation, but his appearance wasn't all laughs.

A recent study found that customers want products like identity theft alerts and mobile bill pay from their banks. But many community banks are unable or unwilling to offer those products.

Mortgage Investors Corp., one of the nation’s largest refinancers of veterans’ home loans, will pay $7.5 million to settle allegations it targeted veterans. It's the largest fine the FTC has ever collected for violating Do Not Call provisions of the agency’s Telemarketing Sales Rule.