Retail & Commercial

Ally Bank notched the highest number of best practices among the nation's largest banks in the areas of disclosure, overdrafts and dispute resolution, according to a report released Thursday by the Pew Charitable Trusts.

First it was Jamie Dimon's cufflinks. Now JPMorgan Chase is cementing its reputation as a fashion-forward bank, with a Marie Claire article about Chief Financial Officer Marianne Lake.

Nancy Graves, who until last week served as assistant director of New Jersey's Department of Banking and Insurance, has joined Pascack Bancorp (PSBR) in Waldwick as president and chief executive.

New York's Department of Financial Services has reached a deal with several small specialty insurance carriers, triggering a statewide ban on force-placed insurance payments to banks.

Members of the House Financial Services Committee are pressing the Consumer Financial Protection Bureau for details about its investigation into discriminatory auto lending.

The bank wants to double in size by pursuing acquisitions and hiring bankers away from competitors.

Wells Fargo (WFC) Chief Executive Officer John Stumpf said managing low interest rates may be the most pressing challenge for bankers and that his company had prematurely kept funds idle to gird for increases.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

SLM Corp. believes its bank unit would be more valuable as its own company, but it could also be attractive to other banks eager to add earning assets.

The Federal Reserve Board has taken action against two banks and terminated orders with four others, and the Federal Deposit Insurance Corp has freed Synovus Financial from an order.