Target Corp. said it will again suspend its efforts to sell its credit-card receivables portfolio until later this year and outlined plans to pay JPMorgan Chase & Co. about $2.8 billion, along with a make-whole premium, to retire financing it received in 2008.

Amex is licensing its digital wallet to Lianlian Group to expand its reach into the coveted Chinese market. Lianlian operates its own mobile payment business, Lianlian Pay, in China.

PNC Financial Services Group Inc.'s fourth-quarter profit slid 42% as the lender struggled with a decline in revenue and steep one-time charges, although credit costs continued to fall.

U.S. Bancorp's fourth-quarter earnings jumped 39% as the lender again reduced funds set aside to cover potentially risky loans and benefited from growth in lending.

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BancorpSouth Inc. in Tupelo, Miss., on Tuesday reported better-than-expected earnings for the fourth quarter and hopes to parlay the good news into a successful capital-raising effort.

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MANFIELD, Texas – Texas Trust CU is opening a new branch in Grand Prairie in a building formerly occupied by Wachovia, a now defunct bank.

Prepaid card provider nFinanSe Inc. has asked the U.S. District Court in Atlanta to stop InComm Inc. from operating its new Vanilla Reload Network.

Fulton Financial Corp. said its fourth-quarter profit rose from a year ago as it reduced nonperforming loans, but that its earnings per share missed analysts' estimates by two cents as net interest income shrunk.

The president and chief executive of First South Bancorp Inc. in Washington, N.C., is stepping down after more than three decades as its leader.

The Federal Reserve Board has ordered Southwest Florida Community Bancorp Inc. to maintain its health so that it can serve as a source of strength for its ailing bank subsidiary, First Community Bank of Southwest Florida in Fort Myers.

Cordray sides with other board members on FDIC stress test proposal, while also showing off his sense of humor.

The Zappos data breach, wherein thieves stole partial credit-card numbers from the shoe-marketing giant, may demonstrate that merchants have taken key steps to prevent the theft of full account numbers.

The bureau is holding a hearing on payday lending this week in Birmingham, Ala. — the heart of the districts served by two of its biggest critics.

Cost cuts "certainly won't be the primary driver for earnings in the future," says CFO Timothy Sloan. CEO John Stumpf says Wells Fargo is "kicking lots of tires" for potential acquisitions.

Ingenico is working with PayPal on what the companies say is a faster way to improve the point of sale than investing in contactless mobile payments.

Strong loan growth combined with a surge in wealth management assets powered First Republic Bank in San Francisco to a $90.7 million profit in the fourth quarter, up 19% from the same period in 2010.

Despite challenges finding a buyer, Citigroup still wants to get rid of its OneMain consumer lending business, CFO John Gerspach told reporters on Tuesday.