Retail & Commercial

Two Citigroup executives are departing after federal prosecutors named them earlier this year in a mortgage-insurance fraud case that resulted in a $158.3 million settlement and an admission of wrongdoing by the bank.

In the world of plastic cards, if a consumer loses one card, every card linked to that account must be canceled. That isn't the case with mobile wallets.

Fannie Mae had little choice but to pay a premium to Bank of America to free up pools of loans so that it could put them in better hands, an inspector general's report finds.

JACKSONVILLE, Fla. – VyStar CU will open a new branch at Jean Ribault High School, which will be run by students in the school's Academy of Finance program.

PORTSMOUTH, N.H. – Service CU has opened its 22nd New Hampshire branch and ninth in-store branch, this one inside a Wal-Mart Supercenter in Derry.

Two former loan officers at Sterling Financial in Lancaster, Pa., have been sentenced to lengthy prison terms for their role in a multi-year fraud scheme that led to massive losses at Sterling.

Alliance Data Systems (ADS) has agreed to buy credit card accounts from Talbots and to take over the retailer's private-label credit card program.

With just three and a half months left until 2013, regulators are under pressure to release a boatload of new regulations, including some of the most contentious items on their plate.

The mobile financial services startup said Monday that Alex Sion, a former senior vice president of wealth management executive at Citigroup (NYSE: C) who most recently headed the financial services arm of marketing firm SapientNitro, has joined the company as president.

Fanatical insistence on lending to risky borrowers to get them to buy more houses destroyed trillions of dollars. Now there's pressure to make even riskier, unsecured loans to these consumers. A freer, fairer market would do better.