Retail & Commercial

Green Dot reported net income of $2 million in the third quarter as the prepaid card issuer sought to overcome the revenue it lost by discontinuing one of its most popular products.

Kenny and Sean Salas, founders of Camino Financial in Los Angeles, have a pretty good idea of what it's like to be a Hispanic small-business owner who can't catch the attention of traditional banks. They have established an online marketplace, a credit-scoring model and relationships with online lenders to help fill the void.

New York Community's acquisition of Astoria Financial will not get the necessary regulatory OK this year, but both parties “remain committed to the transaction,” the CRE-heavy acquirer said.

Bill.com has gained traction in recent years with a few large banks that market its electronic bill payment service for businesses, but reaching a wider audience has been tough because small businesses are a tough nut for banks to crack.

Will another reason for market fluctuations hurt stock-heavy merger agreements? Will the promise of lighter regulation give buyers more time to chase deals, or encourage prospective sellers to stay independent? The wheels are already turning in the minds of dealmakers after Trump's defeat of Clinton.

In a message to employees Wednesday morning, JPMorgan Chase Chief Executive Jamie Dimon said the election of Donald Trump as president reflects a "deep desire for change.”

Threats to the industry's control over payments were apparent before PayPal became popular. However, risks are even more visible and real today.

Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto title loans at 36%, while rejecting a competing amendment sponsored by a large payday lender.

Santander Consumer Holdings USA in Dallas on Wednesday reported lower quarterly profits due to ongoing issues associated with its discontinued personal loan business.

The only tactic for survival is brutal honesty. So let's accept the very real risk of disappearing and do the heavy lifting required to persevere.