The Latest

PayPal Holdings Inc.'s third-quarter sales missed estimates in its first report since the company's July separation from eBay Inc., revealing a rocky start to its first few months as a stand-alone company.

Mercantile Bank in Grand Rapids, Mich., plans to close five branches to cut costs. The $2.9 billion-asset company said in a press release Wednesday that it plans to close the branches in the first quarter.

A federal judge in Illinois has ruled that national for-profit chain Corinthian Colleges Inc. must pay $531 million in damages to former students for misleading them about their career prospects and engaging in other deceptive practices.

Eastern Bank's 18-month-old innovation unit, run by startup veterans, is preparing to release its first product as the industry continues to allocate resources to internal tech labs while wondering when and how such efforts will pay off.

A new study sponsored by CUNA Councils suggests that credit unions would be better served if human resources departments worked directly with C-suite executives.

Valley National Bancorp in Wayne, N.J., reported a jump in third-quarter earnings on growth in lending and fee income.

Citigroup isn't the poster-child for "too big to fail" anymore, Chief Executive Michael Corbat claimed Wednesday, arguing the bank had scaled back and learned from its mistakes leading up to the financial crisis.

A major investor in insurance giant American International Group is calling on the company to break itself up into three companies to get out from under its designation as one of only four systemically risky nonbanks.

GLENDALE, Calif. -- California Credit Union has formed a title insurance company to handle both residential and commercial title needs.

Making its first entry into the financial exchange space, Dwolla will provide real-time payments clearing and settlement capabilities for the CME Group futures and options marketplace.