Commercial lending

Prosper Marketplace is rolling out a revamped website that is designed to make loans it sells more attractive to individual investors.

Financial innovation, including distributed ledger technology and marketplace lending, has emerged as a new source of risk to the U.S. financial system, according to a report issued Tuesday by the Financial Stability Oversight Council.

A small Boston bank is betting it can attract tens of thousands of millennials by giving them a chance to pay off their student loans a few months early, rather than offering more common incentives such as interest on their deposits or airline miles for their purchases.

Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.

Union Bankshares in Virginia is among the ranks of banks nearing $10 billion in assets. Unlike many banks of its size, Union feels no pressure to pursue a transformational deal to offset increased regulatory costs.

Tim Sloan, president and COO at Wells Fargo, is widely viewed as next in line to take over as CEO of the bank. He discussed the speculation — as well as energy lending, credit standards, living wills and a number of other topics — in a recent interview.

The rise in oil prices in recent months is welcome news for the energy sector, but it doesn't mean that oil and gas firms — and the banks that lend to them — are out of the woods just yet.

A group of CoBank ACB bondholders, including Capital Group Cos., are suing the farm lender after it repurchased $405 million of high-interest bonds over their objections.

The $3.2 billion-asset Park Sterling announced this week that it will hire four commercial and industrial bankers from the $2.3 billion-asset CommunityOne Bancorp to help expand its commercial banking team in the Charlotte metropolitan area.

Renaud Laplanche, the LendingClub founder who stepped down as its leader in a shakeup last month, sold off part of his stake in the company, according to a regulatory filing.