Retail & Commercial

Bank of Kentucky Financial (BKYF) had named Herbert H. Works to succeed Rodney S. Cain as its chairman.

A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 European Union ruling over its fees, in a case seen as a key test on the levies card companies can impose in Europe.

WarehouseOne of Trenton, N.J., which has been in business since 1998, is demanding that a troubled lender with a similar-sounding name stop using that name.

Mortgage firms that use the correspondent and wholesale channels to fund loans experienced strong growth in the first quarter, according to preliminary survey information being compiled by National Mortgage News and the Quarterly Data Report.

The CFPB issued a proposal Thursday laying out the steps it will take to designate certain nonbanks for supervision if they pose a risk to consumers.

Certain loans were well underwritten and structured, and are underperforming now solely because of job losses. Drastic approaches like modifications and refis are unnecessary to help these ordinarily creditworthy homeowners.

A conservative polling firm says that the vast majority of voters have heard of Fannie Mae and Freddie Mac. The problem: half think they are broken.

Bank industry experts this week offered several suggestions for how Jamie Dimon should go about repairing JPMorgan Chase's reputation, after a London trader's bets lost the bank at least $2 billion.

With profits rising to a "post-crisis high," the FDIC says loan balances fell in the first quarter. But with banks selling off loans and balances affected by seasonal factors, the direction of lending growth is unclear.

COLUMBUS, Ohio — Corporate One FCU said this afternoon that members of Florida's Southeast Corporate FCU have approved the combination of the two, creating one of the biggest corporates in the country with $5 billion in assets.