Retail & Commercial

Heritage Bank & Trust in Columbia, Tenn., has hired a veteran Tennessee banker as its new president and chief lending officer.

There's no turning back — prepaid cards have left a permanent mark on banks, card networks, alternative payment providers and more. Some might consider that mark to be a scarlet letter, but many now wear it as a badge of honor.

JPMorgan Chase's CEO spent a year shaking up the bank's top ranks after the London Whale trading losses came to light. He acknowledged Wednesday that there was "too much" management volatility.

Examiners are starting to ask community banks for explain how their technology and staffing are prepared to handle disaster recovery.

In an interview, Morris Morgan, the federal government's point man for the painstaking review of 3.8 million mortgage loans, provided new details about the $8.5 billion deal regulators cut with 10 servicers last week and how it almost fell apart during negotiations.

Research in Motion Ltd. received a significant stamp of approval for its software from Visa Inc. Visa has approved Waterloo, Ontario-based RiM's secure element manager software for Near Field Communication mobile payments.

Comerica (CMA) beat fourth-quarter profit estimates, as its fee revenue increased and expenses from its 2011 acquisition of Sterling Bancshares diminished.

Revenue expanded at most business units of JPMorgan Chase, but it still has to overcome the same economic problems as other banks and those of its own doing tied to trading and other missteps.

A new paper dredges up a tired argument against the Community Reinvestment Act, which played an important role in sustainably expanding home lending to many Americans. Let's move on already.

Community Trust Bancorp (CTBI) in Pikeville, Ky., posted higher quarterly profit after increased fee revenue offset shrinkage in its loan portfolio.