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When it comes to online retail markets, China is in a class by itself. The country is already home to the world’s largest e-commerce market, and there’s room for more growth.

Even though it is still the very early days of mobile payment wearables, consumer use of the devices is poised to reach a transaction volume at $501.1 billion by 2020.

The House Financial Services Committee continued its two-day vote of 14 financial reform bills, approving a variety of measures.

WASHINGTON — Republican lawmakers continued their assault Wednesday on a portion of the Dodd-Frank Act that grants the Federal Deposit Insurance Corp. the ability to seize and unwind a failing banking company, arguing that reforming the bankruptcy code is a better way to tackle "too big to fail."

Cullen/Frost Bankers in San Antonio reported higher second-quarter profit, as growth in commercial and residential construction loans offset weakness in the energy sector.

ESSA Bancorp in Stroudsburg, Pa., has agreed to buy Eagle National Bancorp in Upper Darby, Pa., for $25.3 million.

Former Texas Gov. Rick Perry laid out a sweeping financial reform agenda on Wednesday, suggesting he would force the biggest banks to hold even more capital or reinstitute elements of the Glass-Steagall Act.

In a two-day marathon markup, the House Financial Services Committee passed 14 financial reform bills, including measures to broadly restructure the Federal Reserve, block some CFPB rules and limit compensation at the GSEs.

Lenders have increasingly turned to niche businesses, such as equipment financing, to differentiate themselves from competitors. Some banks, like Bank of the Cascades in Oregon, are choosing complicated specialties like aircraft financing that may scare off potential rivals.