Retail & Commercial

BB&T in North Carolina and EverBank in Florida plan to focus primarily on integrating what they have already bought and organic growth, their CEOs said Wednesday.

American Express chief executive Ken Chenault says the company’s new Bluebird prepaid card is off to a promising start.

Chicago will become the first city to report financial activity and fraud to the Consumer Financial Protection Bureau, but Director Richard Cordray is hoping other municipalities will follow suit.

Zions Bancorporation (ZION) in Salt Lake City has warned investors that it is facing an impairment charge of up to $100 million in connection with its investments in smaller banks.

New York's top financial services regulator is requiring the mortgage servicer to install a monitor for two years to oversee the company's practices, the state's Department of Financial Services announced Wednesday.

Solera National Bank in Lakewood, Colo., has recruited a team of 40 residential mortgage lenders as it starts to fulfill promises of growth after a regulatory setback.

New CEO Michael Corbat will cut 11,000 jobs, largely in Citi's global consumer banking division. The plan suggests Citi is hedging its strategy of being an omnipresent, upper-tier player in emerging markets.

Banks can get consumers to adopt online banking services by keeping websites simple, communicating a positive message and providing an interactive experience that meets immediate needs.

Mission Community Bancorp (MISN) in San Luis Obispo, Calif., has hired a veteran banker as its chief financial officer.

Provident Bank in Montebello, N.Y., has hired another team of bankers away from rival bank, this time tapping four bankers from Signature Bank to run a new lending office on Long Island.