Retail & Commercial

The U.S. is the only industrialized nation without mandated paid parental leave, but innovative leave policies are an opportunity to attract and retain employees in a highly competitive industry.

Opus Bank in Irvine, Calif., which reported a third-quarter loss tied to credit issues, has elevated two lending officers to executive-level posts.

Wells Fargo & Co. said the Securities and Exchange Commission is among regulators investigating the bank's sales practices following a scandal involving employees opening unauthorized customer accounts.

Citigroup customers can now dispute credit card charges through its app, one of several mobile enhancements rolled out by the company Wednesday.

The number of new credit card accounts jumped 11% to 84.9 million in the second quarter while monthly purchase volumes also increased, according to a report by the American Bankers Association.

Heartland Financial in Dubuque, Iowa, is looking to raise $53.5 million through a public offering.

Visa closed its acquisition of Visa Europe in late June, ending a year of negotiations and years of speculation in the payments industry.

Zelle, the big banks' answer to Venmo, is set to launch next year. But will its reach be enough to curb Venmo's momentum?

A new refinance mortgage offered by SoFi and Fannie Mae lets consumers tap into their home equity to pay down student loan debt at terms more favorable than a traditional cash-out refi.

Consumer compliance was already an important issue for regulators who vet bank deals, but it is expected to move up on their priority list after Wells' phony-account saga. Banks that seek M&A approvals should make sure their cross-sale and incentives policies — along with those of their targets — are bulletproof.