Retail & Commercial

Kevin Kabat has been named vice chairman at Fifth Third. The Cincinnati company also said that Greg Carmichael, its chief operating officer, would become its president. There are no plans for Kabat, who has been Fifth Third's CEO since 2007, to leave.

The industry's movement toward plain-vanilla mortgage products since the crisis masks deficiencies in the underwriting process that remain to this day.

When FirstMerit agreed to buy Citizens Republic this month, it capped Cathleen Nash's efforts to rebound from recession in hard-hit Michigan.

Can ATM messaging prompt consumers to like and follow their banks? Regions, which will promote social media via ATMs in 2013, and Wells, which has done so for some time, believe the answer is "yes."

If TAG is senselessly allowed to expire, many depositors may sever their relationships with the smaller banks in their communities and opt to place their money under the "protection" of the Too Big to Fail institutions.

CapStone Bank in Raleigh, N.C., has agreed to buy Patriot State Bank in Fuquay-Varina, N.C., for roughly $10.6 million.

The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.

Big banks hire a former governor (Pawlenty) as their top lobbyist. An FDIC official (Hoenig) slams their behavior. And the FHFA proposes linking GSE fees to foreclosure costs.

A task force led by New York Attorney General Eric Schneiderman and formed to probe misconduct in the mortgage market during the run-up to the financial crisis may be getting ready to take action.

The payments industry has taken it upon itself to police any entity that accepts credit or debit cards — even when that entity is the police.