Retail & Commercial

Sharp bookkeepers could spot a kite in progress, but, more often than not, they were too hurried to give the ledgers a second look.

Bankers Bank Northeast in Glastonbury, Conn., has hired a former Home Loan bank executive to be its next chief.

First Niagara Financial (FNFG) in Buffalo, N.Y., has reportedly reached a severance agreement with John Koelmel, who was ousted as chief executive in March.

Believe GE CEO Jeffrey Immelt when he says banks are unlikely to try to buy his consumer finance unit. Few banks could afford the huge business, and regulators would never allow them to buy it, market watchers say.

Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether two companies that have run out of room to grow separately can prosper together.

Centier Bank in Whiting, Ind., has begun using a card-issuance system from EFT Source, a provider of turnkey card programs.

A new report from the Federal Reserve on debit card swipe fees suggests that the 2011 law that capped fees large banks could charge is not crimping revenues at smaller institutions, echoing earlier findings by the Federal Trade Commission.

Target Corp., Macy's Inc. (M) and other companies sued Visa Inc. (V) and MasterCard Inc. (MA) over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.

Visa's hiring of former JPMorgan Chase executive Ryan McInerney comes six months after Visa named an ex-Chase executive as its CEO and three months after the bank and card network revealed plans to team up on a new payments platform.

Target Corp., Macy’s Inc. and other companies sued Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.