Retail & Commercial

State Street, the third-largest custody bank, said Edward Resch will retire next year as chief financial officer after more than a decade in the role.

Just in time for the holiday shopping frenzy, two startups have rolled out mobile apps designed to help consumers choose which credit card to use at checkout.

Glenn S. Welch will become CEO of the company and its Hampden Bank effective Jan. 1. He is replacing Thomas R. Burton, who is retiring, the $611 million-asset company said Tuesday.

The Consumer Financial Protection Bureau is "attempting an ambitious project required under Dodd-Frank to consolidate overlapping disclosures," writes American Banker's Joe Adler.

Citing several lawsuits as evidence, activists say the bank's "abusive" lending practices triggered waves of foreclosures in low-income neighborhoods.

Ovation Holdings will acquire two branches in southwest Florida from Liberty Bank, as the Iowa thrift seeks to exit Florida.

First Citizens BancShares (FCNCA) of Raleigh, N.C., wants to open a regional headquarters in Jacksonville, Fla., and add other offices in the area.

Housing industry officials applauded the CFPB's bid to streamline mortgage disclosures, but they are now expressing concern about the more inclusive APR requirements and limits on changes in costs that can vary over time.

Credit Suisse becomes the latest institution charged with fraud involving mortgage securities in an investigation that is expected to involve others.

Credit Suisse Group AG was sued by New York Attorney General Eric Schneiderman for allegedly deceiving investors in mortgage-backed securities.