PayPal, in a recent agreement with MoneyGram International, is demonstrating once again that digital payment systems aren't fighting cash — they are fueled by it.

In detailed comment letters, banks expressed despair over the hardships they will face if regulators implement Basel III capital and liquidity rules.

The New York-area thrift is benefiting from an effort to make more multifamily and commercial real estate loans and has no immediate interest in selling itself, CEO Monte Redman says in a wide-ranging Q&A.

The simmering controversy over American Express' Bluebird card typifies a classic debate: When do regulations that ostensibly protect the public from shady operators really just protect incumbent businesses from competition?

C&I lending exploded at SunTrust in the third quarter, it cleared its balance sheet of some lingering problems and CEO Bill Rogers is bullish on mortgages. But the question remains whether the Atlanta company will need to do more to exorcise the past.

Independence Federal Savings Bank in Washington, D.C., has agreed to improve its practices in return for a promise by regulators to refrain from further enforcement action.

Signature Bank (SBNY) in New York has added to its presence on Long Island by hiring a team of private-client bankers.

The Small Business Administration said Monday that agency-guaranteed loans to exporters rose about 1%, to $923 million, for the 12 months that ended Sept. 30. The loans supported $1.7 billion in small-business exports, according to the agency.

Attention has largely been focused on merchants seeking to opt out of the deal. But if the Justice Department were to object to the agreement's terms, the judge would likely listen, observers say.

There needs to be stronger incentive for bankers to behave, far-reaching cultural changes spurred by directors and a unilateral commitment to stamp out money-laundering schemes.

A flurry of new mortgage rules are overwhelming home lenders — some they feel are too strict and others too ill-defined to decipher.

Two proxy advisory services have recommended against a proposal for Hampden Bancorp in Springfield, Mass., to explore a possible sale.

Fifth Third Bank in Cincinnati has added three veteran bankers to head a new unit that will focus on lending to the energy industry.

Sterling Financial in Spokane, Wash., is buying American Heritage Holdings, the holding company of Borrego Springs Bank in La Mesa, Calif., for $6.5 million in cash.

Higher noninterest expenses and lower net interest income drove down Bank of Hawaii's quarterly earnings.

Amex's Bluebird card account, exempt from Durbin and assertedly from bank regulation, is likely to generate high interchange. Consumers, banks and Amex won't pay for these checking accounts. Merchants (excepting Walmart) will.

Fannie Mae and Ginnie Mae are seeking to protect taxpayers as a flood of new lenders apply to do business with them. That's also helping big banks' profit and blunting Federal Reserve efforts to boost housing.

Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.

First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.

A group of nine retailers asked a federal judge Friday to approve a multibillion dollar settlement of a lawsuit challenging the way banks and credit card networks set interchange fees.