A celebrity's name on a prepaid card has been more of a scarlet letter than a ticket to success. But celeb cards are still popular enough to be a threat to traditional banks.

BBCN Bancorp, the Los Angeles company formed after Center Financial and Nara Bancorp merged, said Wednesday that fourth-quarter earnings fell 42% from the same period a year earlier due primarily to expenses related to the merger.

Mortgage lender PHH has been scrambling to reassure investors of its funding and cash positions in the wake of an S&P downgrade and the departure of its former CEO, Jerome Selitto.

Citigroup is partnering with the Enterprise Community Loan Fund and Next Street Financial to invest $30 million in small businesses.

More than eight months after Sterne Agee Group Inc. announced that it is planning to acquire a community bank, the name of the bank has finally been revealed: Citizens Exchange Bank.

MasterCard Inc. and software company Silver Tail Systems Inc. announced a partnership that will bring the latter's fraud-fighting analytics to MasterCard merchants.

Several billion consumers and 35 million merchants worldwide take the enormous convenience and security of branded payment cards for granted.

PORTSMOUTH, N.H. – Service CU opened its eighth Walmart branch in Concord.

Moments before he was scheduled to make a statement on the mortgage servicing settlement Tuesday night, New York Attorney General Eric Schneiderman postponed the conference call indefinitely.

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Park National Corp. in Newark, Ohio, swung to a profit in the fourth quarter but still earned less than what analysts were expecting.

Northern States Financial Corp. in Waukegan, Ill., plans to delist its common stock from the Nasdaq by Feb. 17.

Commercial National Corp. in Latrobe, Pa., said Tuesday that its fourth-quarter net income climbed 44% from the same period in 2010, to $1.2 million, as lower funding costs and increased income from investments more than offset a decline in loan balances.

Bankers are up in arms over the fact that a Congressional oversight has raised doubts about whether documents submitted to the Consumer Financial Protection Bureau will retain attorney-client privilege.

Old Second Bank remained well-capitalized at year-end, but the company's stubborn portfolio of nonperforming assets continues to present a challenge to capital levels.

PHH Corp. reported a profit of $13 million in the fourth quarter, but posted a loss of $127 million for the full year.

The Federal Reserve Board has ordered bank holding companies in Iowa, Wisconsin and South Carolina to use whatever resources are available to them to nurse their ailing bank subsidiaries back to health.

Year after year, Apple fans have expected the company to make a splash with an iPhone-based mobile payment system. And year after year, Apple has let them down — but a lot has been going on under the surface.

Nonbank mortgage lenders are required to establish anti-money laundering programs and file suspicious activity reports under a final rule issued Tuesday by the Financial Crimes Enforcement Network.

Sterling Savings Bank in Spokane, Wash., is dropping the "Savings" from its name to reflect its transition from a traditional thrift to commercial-oriented bank.