Retail & Commercial

Astoria Federal Savings in Lake Success, N.Y., has hired an HSBC executive to lead its retail division.

Wells Fargo and Bank of America have serially violated the terms of the National Mortgage Servicing Settlement, New York Attorney General Eric Schneiderman alleged on Monday.

Shareholders and regulators are on the warpath against executive compensation they regard as excessive or poorly structured. Senior bankers and directors, like their colleagues elsewhere in the corporate world, are struggling to design pay plans that encourage managers to innovate while discouraging excessive risk-taking. Further complicating the task are the sometimes competing agendas of investors and rule-makers, as well as the uncertainty surrounding the many Dodd-Frank pay rules yet to be written. Following is a look at some of hot-button items shaping executive compensation during the current proxy season.

HomeTrust Bancshares in Asheville, N.C., has agreed to buy BankGreenville Financial in South Carolina.

Rather than worrying about carving up a depressed purchase market, policymakers should be looking for ways to ensure that creditworthy borrowers have access to homeownership.

PageOnce is changing its name to Check, a rebranding that signals the mobile financial management company's new focus on payments.

Tradehill is relaunching its virtual currency trading system after it shut down an earlier version of its offering last year amid regulatory disputes and a legal fight with online payment company Dwolla.

New York Attorney General Eric Schneiderman said he will announce new enforcement actions against major financial institutions as part of his effort to "protect New York homeowners."

KYLE, S.D. – Lakota FCU, the first federally insured financial institution on the Pine Ridge Reservation, home to the Sioux Indian tribe, opened Friday.