Retail & Commercial

Regulators may be getting ready to order JPMorgan Chase to bolster its safeguards against money laundering.

CEO Michael Corbat's 13 reshuffled direct reports are all men — an extreme example of the gender gap that exposes banks to reputational and operational risks and charges of being out of touch.

There must be a concerted effort to open the way to successful homeownership to more Americans. This should include encouraging shorter-term mortgages so low down payment borrowers build equity faster.

Wells Fargo, the largest U.S. home lender, reported a 24% rise in fourth-quarter earnings as the bank boosted lending and squeezed more income out of rising revenue.

The $11.5 billion-asset subsidiary of Umpqua Holdings Corporation (UMPQ) said Thursday that its private banking arm will expand service to Seattle and San Francisco.

Old Dominion National Bank of North Garden, Va., has struck a deal to raise funds from an investor, contingent on the success of a private placement.

The $196 million-asset bank in Mt. Dora, Fla., said Thursday it has opened a branch in Orlando that continues its commitment to the environment.

American Express announced plans for 5,400 layoffs after the stock market closed Thursday, citing technological changes to existing business lines.

Unlimited TAG insurance of noninterest-bearing deposits ended with 2012. Any shifting of cash from banks to money market funds has been modest so far.

American Express announced a series of unexpected expenses that will crimp earnings, including a $342 million charge relating to rewards points.