Retail & Commercial

Gold Coast Bank in Islandia, N.Y., is beginning its second round of financing after announcing that its fourth-quarter profit more than doubled.

A third-party arbitrator, responding to a complaint filed by Discover Financial Services (DFS), has ruled that JPMorgan Chase (JPM) did not mislead consumers regarding its Chase Freedom credit card.

Bank of America Corp., the second- biggest U.S. lender, gave Chief Executive Officer Brian T. Moynihan about $12 million in total compensation for 2012 and will boost his salary 58 percent this year.

F.N.B. in Pennsylvania announced Tuesday it would acquire PVF Capital, a rehabbed thrift, as a platform for C&I growth in Cleveland.

SoFi, a San Francisco startup, aims to shake up the market by offering favorable rates to borrowers with the highest earnings potential.

The Federal Reserve Board has lifted an enforcement action against Central Pacific Financial in Honolulu, Hawaii.

Rep. Maxine Waters has asked regulators for additional information regarding the work some consultants did as part of the troubled independent foreclosure review process.

Wells Fargo hired Dr. Ronald Leopold from MetLife to oversee a medical-benefits push as the largest U.S. home lender expands amid President Obama's health-care overhaul.

Banks in the Southeast are continuing to shrink their loan portfolios as they grapple with past miscues.

The Payment Card Industry Security Standards Council has published its latest data security guidance for merchants accepting payments with smartphones or tablets.