Retail & Commercial

A large shareholder recently sold most of her holdings in First Citizens, giving her uncle's family a majority stake in the family owned company.

WASHINGTON — The Consumer Financial Protection Bureau on Friday specified changes it would like to make to a rule designed to increase regulation of international money transfers.

The House Democratic Caucus named six incoming freshman members of Congress to serve on the Financial Services Committee next year.

Every banker is under scrutiny, but last year we pegged 10 executives as potential news makers for 2012. Most of those bankers delivered big headlines in the past year.

The OCC says the decline in foreclosures year-over-year has been largely driven by improving economic conditions and increased effort by servicers to keep borrowers in their homes.

The Consumer Financial Protection Bureau and several state attorneys general won their first joint-case Friday against a debt-settlement company in Florida.

BB&T has extended the contract of its chief executive for three years. The $182-billion asset company said Wednesday it has eliminated a provision in Kelly King's contract that would have required him to step down when he turns 65 this September.

Citigroup’s 2G card, developed with technology from Dynamics, promised to revolutionize the way consumers paid with plastic. But the product remains in pilot testing mode more than two years after the partnership was announced and more than a year after Citi reportedly aimed to mass-market the card.

The Shippensburg, Pa., banking company said Thursday it has sold 172 commercial loans with a combined balance of $45.6 million to an investor group for roughly $32 million.

Private label credit card is the least expensive method of payment stores can accept. For that reason alone, it makes fundamental sense for every retailer to carry a program if feasible.