Retail & Commercial

Christopher Ewing has been named the bank's chief risk officer and will remain chief operations officer, Virginia Commerce said Tuesday.

Zions executives may have wished they never bought a failed bank after a painful conversation with analysts to explain a special charge related to old FDIC deals.

Elmira Savings Bank (ESBK) in New York has promoted Thomas Carr to become its president. Carr, 44, will remain chief operating officer, a role he has held since 2005.

Republican senators accused the Consumer Financial Protection Bureau on Tuesday of invading consumers' privacy while gathering massive amounts of data from financial companies.

Wells Fargo now gets a third of its fee revenue from its relatively small investment-management and brokerage businesses. Executive David Carroll explains how Wells is getting more business from its wealthy — but not too wealthy — customers and is seeking acquisitions in this market.

Though profitable, Synovus is still trying to hit its stride. Still, CEO Kessell Stelling told analysts that he wants to make acquisitions at some point in the future.

Roam Data Inc. has updated its mobile app to allow merchants to operate a complete point of sale system from smartphones or tablets.

American Express Co. is issuing EMV chip-and-signature cards to its corporate card customers in the U.S. starting in the first half of 2013.

Hundreds of thousands of homes are being withheld from the market, raising questions about whether the recent run-up in housing prices is artificial.

Executives at Discover Financial Services sought to temper investor expectations of quick results from its partnership with PayPal, instead emphasizing the long-term benefits of the alliance, as well as other ongoing initiatives.