Retail & Commercial

Doug Bergeron will step down from his roles as CEO and a board member at VeriFone, effective March 12, the point of sale terminal maker said today.

Despite Republican claims to the contrary, the Consumer Financial Protection Bureau is accountable to lawmakers and the American public, Director Richard Cordray is expected to tell the Senate Banking Committee on Tuesday.

As a veteran senior executive in the male-dominated banking industry, Terri Dial left a void that has yet to be filled a year after her death.

Florida bank-buyer Bond Street Holdings bulked up on failure deals, took a 19-month break and has returned to M&A with the aim of $5 billion in assets by yearend.

The nonexistence of "too big to fail" is swell news. Now taxpayers can stop worrying about future bailouts, the Federal Reserve can ease monetary policy and the Justice Department can prosecute the banks purportedly "too big to jail."

Payment systems provider ACI Worldwide has completed its acquisition of Online Resources Corp. in an all cash transaction for $3.85 per share—a deal that adds payments and financial services bulk to ACI.

Commercial and multifamily mortgage debt rose by 0.9% in the fourth quarter from a year earlier, to $21.8 billion, marking the highest year-over-year improvement since the second quarter of 2008, the Mortgage Bankers Association said Monday.

In the past, it was tough for customers to change banks. So, we could charge them—and treat them—pretty much as we pleased. Technology renders switching banks easier and cheaper—making banking more competitive, less profitable.

Community bankers should be more concerned about interest rate risk, mortgage rules and examiner's questions about strategic direction than anything the Consumer Financial Protection Bureau might do, regulators say.

Hanmi Financial Corp's talks with rivals about a possible sale have stalled because of disagreements over price and management, said people with knowledge of the matter.