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.

Southern Missouri charges ahead with a stock offering, while South Valley of Oregon pulls back an IPO. The divergent decisions say everything about the tough calls that small banks face in dealing with volatile stock markets.

Discover Financial Services said Monday that it's dropping the Foreign Currency Fee on its cards.

The Consumer Financial Protection Bureau said Monday that it plans to notify banks or individuals that are under investigation for potential violations of consumer financial laws, to give them a chance to respond to the allegations before it takes legal action.

Richard Fredricks, a bank examiner at the FDIC in Nebraska, used his time at an ABA conference to encourage executives at farm bank to remain vigilant policing loans and to learn from the experiences of commercial lenders.

OmniAmerican Bancorp Inc. in Fort Worth, Texas, reported a five-fold increase in third-quarter earnings from a year earlier, to $1 million, due primarily to improved asset quality.

Nara Bancorp Inc. and Center Financial Corp. said on Monday that they had cleared their last regulatory hurdle for their planned merger after they received approval from the Federal Deposit Insurance Corp.

A collection of distinct industry associations claim to speak for large banks on policy issues, in addition to each bank's individual efforts. But could a more focused effort help their message?

The Consumer Financial Protection Bureau on Monday announced that it will give a financial firm a heads-up when it finds that the company has violated consumer protection laws.