Retail & Commercial

Abandoned homes in New York City that are stuck in foreclosure proceedings jumped 38% rise in 2014. State officials are pushing for legislation to make banks and mortgage lenders more responsible.

Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet's launch, has inked a deal with Apple, eliminating some of the fragmentation in the mobile wallet's deployment.

Corinthian Colleges, the for-profit chain of colleges under fire in the last year for leaving students with unsustainable debt levels and lackluster job prospects, announced it's shutting down its remaining 28 campuses effective Monday.

Banks can ditch their reputations as fuddy-duddy workplaces by helping millennial employees connect with the social mission driving the company and giving them plenty of opportunities to advance their careers.

Martin Tobias is upset that JPMorgan Chase closed his accounts this week after a news report about his business connections to the marijuana industry, but he says he partly understands the pressure banks are under.

Freddie Mac has planned its first Extended Timeline Pool Offering, the government-sponsored entity announced this week.

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The McLean, Va., credit card lender is offering steep discounts to Uber riders, even though the promotion stands to hurt some of the bank's commercial borrowers.

The sharp decline in oil prices has tempered John Allison's enthusiasm for buying banks in the Lone Star State — or even making loans there.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on derisking, biometric technology and Paul Volcker’s proposal to reform the regulatory system.