Retail & Commercial

Citigroup (NYSE:C), the third-largest U.S. bank, named Peter Orszag chairman of its expanded financial strategy and solutions group while selecting Ajay Khorana and Elinor Hoover to co-lead the unit.

Too-big-too-fail worries in the U.S. make the full sale of Royal Bank of Scotland's Citizens Financial Group in Providence, R.I., highly unlikely, despite speculation about potential buyers.

Cambridge Bancorp in Massachusetts has added Donald Briggs, a specialist in retail real estate, to its board. Briggs is senior vice president of development for the Federal Realty Investment Trust.

Sen. Bob Corker released a statement downplaying an earlier report that suggested the lawmaker is "angling to broker a compromise" with President Obama over the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.

Banks and thrifts are boosting their investments in bank-owned life insurance in an effort to keep pace with rising employee benefits costs and generate additional income.

Policymakers can shape the Dodd-Frank risk retention requirements in a way that brings private investment back to the multifamily mortgage business. The window of opportunity is short.

With its MasterPass program, MasterCard's mobile-pay strategy seems to be solidifying. But the details show that payments technology is still very fluid.

Radio silence from the CFPB on how it views the enforcement of fair lending laws is making community bankers nervous.

Capital Bank in Vineland, N.J., reported record earnings and a larger dividend.

The Bipartisan Policy Center has released a proposal that calls for a catastrophic government guarantee to backstop mortgages, similar to an idea first floated by the Treasury Department two years ago.