Retail & Commercial

A lawsuit accusing Bank of America and Countrywide Home Loans of misrepresenting mortgages gets to the core of their disputes with the government-sponsored housing giants over mortgage putbacks.

Longtime JPMorgan Chase banker Charlie Scharf looks like the safe choice to replace retiring Visa CEO Joseph Saunders. But for the "top dog" payments network, safe is usually wise.

Longtime banker Charlie Scharf seems like the safe choice to lead Visa. But for the world’s largest payments network, safe is usually smart.

PL Capital recently put Malvern Bancorp and Orrstown Financial on notice that it is watching management's moves, while First Financial Northwest continues to absorb litigation costs months after an investor contested the results of an annual meeting.

Preeta Bansal, the former general counsel and senior policy advisor at the Office of Management and Budget, is joining the bank's London office as global general counsel for litigation and regulatory affairs.

A private-sector analysis of the implementation of the Dodd-Frank resolution facility outlines several tasks the FDIC needs to complete before it's ready for the next crisis.

TD Bank Group (TD) will run all facets of a credit card program for one of the nation's largest jewelry chains.

San Antonio's Cullen/Frost has benefited from a robust economy in Texas. Still, CEO Dick Evans said that his lenders had to increase their calling efforts after loan requests dropped off.

Earnings at Flagstar Bancorp in Troy, Mich., fell 7% from a quarter earlier as credit and litigation costs offset a large gain from loan sales.

If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.