Retail & Commercial

John Medlin Jr., the longtime chairman and chief executive at Wachovia Corporation and one of the most respected bankers of his generation, died Thursday, according to news reports. He was 78.

Two prominent Democrats — Sen. Richard Durbin and Rep. George Miller — asked the Consumer Financial Protection Bureau to examine fees charged to college students who receive financial-aid disbursements on their debit cards.

Michael Larrowe, a Cardinal executive who was once derided by an activist investor, becomes CEO and rejoins the board as a group of recently elected directors looks to move the Floyd, Va., company forward.

Many banks are still processing at least some checking account transactions from largest to smallest, possibly triggering more in overdraft fees for customers, a new survey found.

I urge travelers to San Francisco to take a tour and visit some of the many startups, disruptors and success stories in the area.

Ailing Capitol Bancorp is corralling some of its most dire bank units — Bank of Las Vegas, Indiana Community Bank, Sunrise Bank of Albuquerque and Sunrise Bank of Arizona — as part of its ongoing effort to raise fresh capital.

Patriot Financial Partners, a Philadelphia PE firm, hires the former CEO of a community bank in Pennsylvania.

Thomas Marano, Residential Capital's chief executive, said Thursday that Nationstar Mortgage will likely face competition in its pursuit of the bankrupt lender's mortgage assets.

West Virginia Rep. Shelley Moore Capito has asked the Federal Deposit Insurance Corp. to provide Congress with a detailed analysis on the performance of the Transaction Account Guarantee program in order help lawmakers decide to whether or not to extend the four-year-old program when it expires Dec. 31.

Bank of America has a new ad campaign aimed at inspiring trust in Merrill. Unfortunately for B of A, the announcement of the campaign coincided with fresh reports that its executives misled shareholders about the condition of Merrill Lynch before its acquisition.