Retail & Commercial

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ANNAPOLIS, Md. – Navy FCU plans to build a fourth branch in this state capital, home to the U.S. Naval Academy, a 10,500-square-foot facility with five drive-thru lanes.

ATLANTA – Delta Community CU has opened its 23rd metro Atlanta area branch in midtown’s historic district, across the street from The Margaret Mitchell House.

MasterCard is asking the European Union's highest court to overturn an EU decision that the company's cross-border card fees breach antitrust rules.

The Office of Mortgage Settlement Oversight said Monday that it has hired secondary consulting firms to assist BDO Consulting in overseeing compliance of the five largest mortgage servicers with the $25 billion national servicing settlement.

JPMorgan Chase has appointed Eileen Serra the CEO of card services. She benefited from an ongoing executive shake-up and experience with affluent customers — a hot market for the evolving cards industry.

BNC Bancorp (BNCN) has readied itself in case the Treasury Department opts to include the High Point, N.C., company's shares in an upcoming auction of securities tied to the Troubled Asset Relief Program.

GoldenTree Asset Management LP, the $15.7 billion hedge fund specializing in corporate credit, hired Goldman Sachs Group Inc. trader Deeb Salem as the firm expands its mortgage-bond team.

Continuing its push to make it easier for consumers to make payments in their own country's currency while traveling, Planet Payment, Inc. has extended its Pay in Your Currency service to merchants in the United Arab Emirates.

Monarch Bank in Chesapeake, Va., will launch a new wealth management unit as it looks to expand in Virginia.