Retail & Commercial

The Canadian government has hired BMO to provide integrated travel and expense management services, in partnership with MasterCard and corporate services provider HRG.

Regions Financial is sharpening its focus on small business. The Birmingham, Ala., company said late Thursday it has named Joe DiNicolantonio to head a new division that will offer banking, loans and advice to companies with sales up to $20 million.

The JOBS Act will allow broader marketing of private placements. Take great care when selling these to your bank's financial advisory and wealth management clients. Focus on what suits them.

The ongoing adoption of the EMV chip-card standard in the U.S. means credit and debit card issuers will have to consider new factors to offer the cards at their branches.

Federal Reserve vice chair Janet Yellen criticized the aborted independent foreclosure reviews on Thursday, condemning the expenses of consultants involved in a process that the Fed helped set up.

WASHINGTON — A Senate Banking subcommittee will examine the role of independent consultants in the financial services industry, including Promontory Financial Group, at a hearing next week.

PL Capital has taken a $7 million stake in MutualFirst Financial (MFSF) in Muncie, Ind.

Fannie Mae and the Federal Housing Finance Agency's inspector general are taking a hard look at the bills the government mortgage giant receives from servicers who maintain foreclosed properties. If controls are found to be lax, servicers will likely face a clampdown.

Provident New York scouted other potential targets in the New York City region besides Sterling, but too many of them still think they can survive as independents, CEO Jack Kopnisky says.

Golden First Mortgage and its owner, David Movtady, were sued by the U.S. government and accused of defrauding a federal mortgage insurance program.