PayPal has developed an application for making person-to-person payments over Facebook.

The Treasury Department said Friday it netted $12.21 million from the sale of warrants to buy stock in 17 financial firms, including banks such as Maryland-based Eagle Bancorp Inc. and Indiana-based Horizon Bancorp.

The federal government could avoid many unnecessary bank failures by making targeted preferred equity investments in community banks with a Camels 3 rating.

Shareholders of Susquehanna Bancshares Inc. in Lititz, Pa., and Tower Bancorp Inc. in Harrisburg, Pa., have approved the companies' proposed merger.

Most of the transactions in November have involved the sale of small, closely held banks to much bigger players. The buyers want to spend excess cash and expand on the cheap.

WASHINGTON — The nominee to run the Federal Housing Administration Thursday said she opposes extending higher limits on federally-insured loans.

Citigroup Inc. renewed a multiyear deal to continue issuing private-label credit cards for Sunoco Inc. customers, the companies said Thursday.

WASHINGTON - A group of House Democrats is pressuring Senate Minority Leader Mitch McConnell to allow a vote on the confirmation of a director for the Consumer Financial Protection Bureau.

The Federal Reserve has banned a former executive of Security Bank in Tulsa, Okla., from the banking industry.

nFinanSe is suing InComm in federal court for allegedly attempting to fix the price of reloading prepaid cards and violating its distribution agreement.

Stew Leonard Jr., the owner of an eponymous grocery store chain in New York, echoed the groans from today's bank directors.

Regulators said Thursday that banks with more than $10 billion of assets as of June 30 will be subject to the supervision of the Consumer Financial Protection Bureau for at least a year.

Like a pop star who sells more records posthumously, the Google Checkout payment service may prove most beneficial to Google after it is phased out.

Some family owned banks have had difficulty transitioning from one generation to the next, and the current economic downturn has made it trickier than ever to transfer control.

Chase Card Services is dropping the Blink contactless-payment brand from new and renewed cards and instead is using the contactless brands supported by the major card networks — Visa's payWave and MasterCard's PayPass.

Stew Leonard shares his thoughts on customer service, motivating front-line employees, and why he'll never serve on a bank board again.

The study by a consumer advocacy group finds that 3.6 million households that received mortgages during the housing bubble remain at immediate risk of foreclosure.

Home BancShares Inc. in Conway, Ark., has agreed to buy 17 branches in a purchase-and-assumption agreement with Park National Corp. in Newark, Ohio.

No one would blame activist investor Richard Lashley if he's muttering, "I told you so." His firm, PL Capital, spent two years before the financial crisis fighting to get on the board at Bancorp Rhode Island and force a sale, to no avail. Now the company is working to complete its sale to Brookline Bancorp.

The U.K. government said it will sell Northern Rock to Virgin Money for £747 million ($1.2 billion) cash, marking a major loss on its investment in the mortgage lender that became a symbol of the financial crisis.