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Square IPO Disappoints, but JPM Protected; Robo Advisers Heat Up

Malware is a topic that everyone is talking about. Giant movie studio’s network is hacked? The attackers used malware. Big retailer’s point-of-sale system is breached? Malware did it. Hackers breached ATMs at multiple banks? They used malware.

The market for international e-commerce in China is growing much faster, and working much more smoothly, than attempts by Western companies to launch within the country.

The telemarketing industry will not be allowed to use remotely created checks and other forms of payments under rules adopted by the Federal Trade Commission. The measures, designed to reduce fraud against consumers, drew opposition from the Federal Reserve Bank of Atlanta and the banking industry.

The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight.

Charles Cawley, who founded MBNA and built it into an affinity credit-card empire that was sold to Bank of America for $35 billion, has died. He was 75.

LegacyTexas Financial Group in Plano will issue $75 million in subordinated debt for potential acquisitions and other uses.

Commercial and retail banking customers in some cases are being marginalized from the financial system, making de-risking a pressing social-policy issue, a Bank of America official said at a Clearing House conference.

First South Bancorp in Washington, N.C., will close three branches as part of a larger branch-restructuring plan.

Online payday lender Integrity Advance is being sued by the Consumer Financial Protection Bureau for allegedly deceiving consumers about its loan costs.