Retail & Commercial

A second director at the troubled Atlantic Coast Financial (ACFC) has resigned due to concerns about how the Jacksonville, Fla., company is run.

Ameris, BancFirst and BankUnited all allowed investors to decide how often they wanted to vote on executive compensation. The results from those annual meetings might encourage other banking companies to do the same next year.

"I wouldn't want to be buying a foreclosure, then have the title examiner find that a robo-signer had participated in the process," says Massachusetts' register of deeds.

Bank of America (BAC) will lay off 675 employees at two offices in Fort Lauderdale, Fla., as part of the bank's broader plan to reduce its head count.

ViewPoint Bank in Plano, Tex., is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.

Europe's banking industry needs to shrink its balance sheets to improve capital structure, said JP Morgan Chief Executive James Staley Friday.

The New Jersey bank offers cheap mortgage refis, but their fine print means that some customers end up paying additional interest or taxes — and complaining about the extra costs.

The Mississippi bank quietly cut a deal in Arkansas that could undercut class action claims in Florida and save it millions. An appeals court is reviewing the controversial legal strategy.

Community banks and credit unions with sluggish profits in their credit card portfolios may need to freshen up their strategies and let go of recession-era thinking.

U.S. consumer borrowing rose less than expected in April, as Americans cut back on the use of revolving credit.