Retail & Commercial

The decision means the company must prepare to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Residential Capital LLC won court approval to sell its mortgage-servicing unit to Ocwen Financial (OCN) for $3 billion after putting off a fight with loan investors and resolving other objections.

Trust isn't a message; it's a series of actions that demonstrate character. For the first time since the 2008 financial crisis, the banking industry established public goodwill through voluntary and proactive decisions.

The CFPB and FTC sent warnings to 12 mortgage lenders this week, arguing their ads were trying to trick consumers with false and misleading information.

Revel Systems is now delivering its iPad-based point-of-sale products into larger retail settings — and intends to make a push for equipping major retailers early next year.

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Northfield Bancorp (NFBK), a mutual holding company in Avenel, N.J., is taking the final step in its conversion to a fully public company.

As it dissolves in the wake of anti-money laundering violations, First Bank of Delaware Owes $15 million to Uncle Sam.

The country's largest bank promoted veteran executive Marianne Lake from its consumer and community bank, ending weeks of speculation about the fate of current CFO Doug Braunstein.