Retail & Commercial

Future compensation structures should not only reflect the higher costs of servicing troubled loans but also open the business to more nonbank competitors.

Visa Inc.'s board of directors named Robert W. Matschullat as independent, non-executive chairman of the world's largest payments network.

TCF Financial in Wayzata, Minn., posted higher quarterly results after reporting an uptick in lending for equipment purchases.

The Riverhead, N.Y., company is profitable again and playing offense after purging bad loans and raising capital in recent months

Visa Inc.’s board of directors named Robert W. Matschullat as independent, non-executive chairman of the world’s largest payments network.

Last year, KeyBank saw an important gap in its credit card strategy – not owning its card portfolio meant it did not have the control it needed to properly manage its relationships with its customers. This week KeyBank announced the next step in its credit card strategy.

The Spokane, Wash., company has agreed to sell three branches to Pacific Financial (PFLC) in Aberdeen, Wash. The branches are in Astoria, Ore., Seaside, Ore., and Aberdeen.

FirstMerit (FMER) of Akron, Ohio, seeks to raise as much as $350 million in connection with its deal for Citizens Republic Bancorp (CRBC).

A legislator in San Francisco is seeking a review of possible losses to the city from banks' alleged manipulation of a benchmark that determines the price at which banks lend to one another.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., has filled its openings for general counsel and human resources manager from within.