Retail & Commercial

JPMorgan Chase (JPM) has named a new chief executive of mortgage banking as part of a broader plan to better align mortgage lending with its other consumer and retail initiatives.

Bank of America Corp., the best performer in the Dow Jones Industrial Average for 2012, has more than doubled since the start of the year as the company rebuilds capital and investor confidence.

Its purpose was to study what consumers know about dispute resolution clauses. This is particularly important because most checking accountholders are covered by these clauses and may not be aware of them.

Consumers remain cautious about overextending themselves and card issuers are still wary of offering credit to those less likely to repay.

U.S. credit card holders continued to pay off their balances at historically strong rates in November, defying predictions that delinquencies would rise as the economy improves and card issuers take on more risk.

Michael Tierney's challenge next year at Flagstar Bancorp is twofold: find ways to go on the offensive while continuing to resolve lingering issues at the Michigan company.

Irish-based Monex Financial Systems Ltd. is looking for American independent sales organizations interested in profiting from card transactions made here by visitors from abroad.

The credit might have been "gold-gilded," but it did not make sense, the first test that a credit must pass.

Dan Bass has left FBR Capital Markets to establish an investment banking platform at Performance Trust Capital Partners.

Oneida Financial in New York is expanding its insurance business with its purchase of McMahon, Fenaroli and White, which operates Schenectady Insuring Agency in Schenectady.