Led by Citigroup Inc., insurance units of bank holding companies generated a record $7.9 billion in fees during the first half of this year, up 14% from the same period in 2010.

Wall Street analysts throw cold water on mobile payment initiatives.

Online and mobile payments company eWise said on Tuesday that it had appointed Alexandre Gonthier as chief executive in addition to making changes to its board.

First Citizens BancShares Inc., in Raleigh, N.C., said third-quarter profit rose 195% from a year ago, boosted in part by its acquisition of a failed bank in Colorado.

USA Technologies reported on Tuesday that it had narrowed its first-quarter loss to $78,954 from a net loss of $1.9 million a year earlier due to increased license and transaction-fee revenue.

M&T Bank has developed an anti-skimming device, appropriately called the Blocker, to prevent card theft at its ATMs by making fraudsters' tampering blatantly obvious.

Judge in FDIC lawsuit against former Wamu executives grants parties time to craft out-of-court agreement.

It's anyone guess who will prevail in the perennial fight over whether to allow larger government-backed mortgages.

Affluent customers and commercial clients are helping drive a turn-around in credit-card spending, which has rebounded this year despite the sluggish economy, chief product officer Tim Murphy said Tuesday.

Bank of America is the second major issuer to buck a recent trend by using a PIN when it offers U.S. commercial customers cards that incorporate the EMV chip-card standard that is prevalent in Europe.

United Security Bancshares Inc. reported a loss of $1.3 million in third quarter as the Thomasville, Ala., company continued to be plagued by problem real estate loans.

Virgin Group founder Richard Branson says Square "is an incredible technology that inspires and empowers everyone to be an entrepreneur."

Executives from Wal-Mart, 7-Eleven and McDonald's are raising concerns that the new debit-fee regulations they fought for are unlikely to boost their bottom lines.

International Bancshares Inc. in Laredo, Texas, said Tuesday that its third-quarter profit fell 10% from the same period in 2010, to $27.3 million, as a drop in loan volume led to a decline in interest income. The company's earnings per share fell 11%, to 40 cents, in line with an analyst's estimate.

American Express Co. announced on Tuesday that it will invest $100 million in early-stage digital commerce startups, as the company steps up its efforts to court younger, tech savvy consumers to widen its customer base.

A Suffolk Bancorp executive says the company will request a hearing while it works "extremely hard" to produce overdue financial statements.

WEST CHESTER, Penn. – Benchmark FCU has joined the Pennsylvania CU Service Centers, adding its four branches to the local shared branch network.

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The deal between Sterling Financial and First Independent, both of Washington state, relies on a complex carve-out from a bank holding company. Creative maneuvers are needed these days, but this model isn't for everyone.