Retail & Commercial

Peyton Patterson. Cathy Nash. Al de Molina. These and other names surfaced as possible successors to John Koelmel, who was ousted this week as CEO of First Niagara in Buffalo, N.Y.

Examiners are noticing more competitive pricing and instances where banks are relaxing repayment and collateral requirements.

The Consumer Financial Protection Bureau is planning a crackdown on the interest rate markups that auto dealers add onto the cost of car loans. Although it's dealers who originate the loans, the CFPB lacks the authority to regulate them directly. Bankers fear that as a result the agency will turn its focus to holding them accountable for monitoring loans made by the dealers with whom they work.

Standard Chartered has been forced to retract comments by its chairman that the U.K. bank's laundering of hundreds of billions of dollars on behalf of Iran was inadvertent.

Dale Diederick, 1st Capital's senior credit officer, is set to take over the new role, 1st Capital said Thursday.

Huntington Bancshares (HBAN) has promoted a veteran executive to be its director of commercial real estate.

A judge in New Jersey limited Spencer Savings Bank's ability to control the process for director nominations.

Ally Bank said Thursday that it plans to sell a portfolio of mortgage-servicing rights to Quicken Loans for approximately $280 million. The loans have an unpaid principal balance of $34 billion as of Jan. 31 and are expected to be refinanced after the sale.

One of the first successful adopters of in-store mobile payments and digital rewards, Starbucks plans to launch new initiatives that will expand the company’s loyalty and payment programs across channels.

Yadkin Valley Financial (YAVY) in Elkin, N.C., is selling a branch to Union Bank & Trust Company in Oxford, N.C.