Retail & Commercial

Synovus, a Georgia-based company, and CEO Kessel Stelling should be able to devote more resources to loan growth, industry observers say.

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.

The Consumer Financial Protection Bureau issued a proposal Thursday that would let lenders test various disclosure programs on consumers in an effort to make disclosures more concise and cost-effective.

TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.

Retail strategy firm Peak Performance Consulting has welcomed two former banking execs to its team.

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

Banks are assuming greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management.

Bank of America (BAC) and insurer MBIA (MBI) may be nearing a resolution of their longstanding squabble over securities backed by residential mortgages.

Discover Financial Services (DFS) announced Thursday that James Roszkowski has been named president of Discover Bank.