Retail & Commercial

Guaranty Bancorp in Denver is planning to retire some of its high-cost debt. The $1.8 billion-asset company said late Friday that it would redeem $15 million in trust-preferred securities in February and March.

Cambridge Savings Bank named Wayne Patenaude, its chief financial officer, to succeeded Robert Wilson as its president and CEO.

FICO announced Friday it has moved its headquarters to San Jose from Minneapolis.

Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.

The deal clears up a major source of uncertainty at the banking giant and is likely to lead the way for similar settlements between Fannie and other big mortgage originators.

United Shore Financial Services in Birmingham, Mich., has promoted the head of its wholesale mortgage unit to become its president.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

November marked the first time in months that bankers reported increased momentum for staffing, despite the fact that some Northeastern banks were dealing with Hurricane Sandy's aftermath.

Make sure each of your bank's initiatives is explicitly designed to eliminate uncertainties as rapidly as possible so any failures are small, quick and survivable rather than interminable and deadly.

Global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch.