Retail & Commercial

American Express' financial performance is already suffering from the pending loss of its Costco card business in U.S., pressuring the company's focus on emerging payments technology to provide a financial lift to calm nervous investors.

Digital innovation has yet to coalesce around any one executive. Chief marketing officers are ideally positioned to fill the void, since they are the natural leaders in understanding the entire customer experience from origination and sales through delivery and measurement.

First Horizon National in Memphis, Tenn., swung to a first-quarter loss after it paid $212.5 million to settle an investigation into its pre-crisis mortgage dealings.

Home Bancshares in Conway, Ark., has bids out to buy three banks that, if successful, would add $2 billion in assets.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

People's United Financial in Bridgeport, Conn., reported higher first-quarter profit on higher lending fees and gains on the sale of loans.

American Express Co., this year's worst performer in the Dow Jones Industrial Average, said first-quarter profit rose 6.5% as expenses declined.

Sandy Spring Bancorp, in Olney, Md., reported an increase in quarterly profit because of an increase in mortgage revenue.

The high-flying sector is primed for a correction, industry leaders said this week. Declining credit standards are one of the top concerns.

Hampton Roads Bankshares in Virginia Beach, Va., plans to merge its banks and change its name to Shore Financial.