The credit card industry is inching closer to settling yet another challenge to its controversial interchange system, as MasterCard Inc. on Thursday reported setting aside $495 million tied to pending litigation.

BankAtlantic Bancorp Chairman Alan Levan says his company would likely be "out of business" within two years if certain investors succeed in blocking the sale of BankAtlantic's thrift to BB&T Corp.

Facebook's payments revenue is growing dramatically each year — and its digital currency could soon threaten banks as it moves into more traditional channels.

The Small Business Lending Fund is projected to generate an $80 million profit, rather than the $1.3 billion cost initially estimated, according to a Treasury Department report.

Want to jump to another bank that will pay you more? It's easier than you think for employers to prevent that, a business professor explains.

Porter Bancorp Inc. in Louisville, Ky. reported a bigger than expected loss for the fourth quarter and warned investors that the ultimate loss for the quarter could be even larger.

Provident Financial Holdings Inc. in Riverside, Calif., has hired 40 people from MetLife Inc. to run three new retail mortgage loan production offices in Northern California.

Bank of New York Mellon Corp. has named one of its longtime executives to head up its trust company.

The FDIC has fined Stuart Voigt, a former Vikings player, and wants to ban him from banking after accusing him of improper dealings as chairman of a Minnesota bank.

TCF Financial Corp. in Wayzata, Minn., will soon offer its customers two options for paying overdraft fees on checking accounts.

Ally Financial is "on par" with any top-tier financial company — as long as analysts ignore the massive mortgage problems that made the lender lose $250 million in the fourth quarter, CEO Michael Carpenter says.

Bank marketing can be a bit, er, plain, but the Denver bank uses that reality to its advantage in an ad set to air Sunday in Colorado during the Super Bowl.

Despite reporting vastly improved credit quality, Independent Bank Corp. in Ionia, Mich., said Thursday that its losses in the fourth quarter doubled from the same period in 2010, to $9.8 million.

Huntington Bancshares Inc. has agreed to become Ohio State University's official consumer bank.

In what would be its first bank acquisition in seven years, Center Bancorp Inc. in Union, N.J., announced Thursday that it is buying the private-equity backed Saddle River Valley Bank in an all-cash deal.

Facebook generated about $557 million in revenue from its payments business last year, according to its S-1 filing.

Mortgage search tool shut down due to poor performance.

Oft-shunned in the M&A world, unlisted shares can lead to a bigger payoff for sellers and offer other advantages, explains investment banker Curtis Carpenter.

MasterCard does not explicitly require the use of a PIN with chip cards in the U.S., but its sliding scale of liability leaves little other choice.

Ally Financial Inc., the government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters.