Retail & Commercial

Bank of America's expenses still far exceed those of JPMorgan Chase and Wells Fargo, so analysts were clearly disappointed Thursday when CEO Brian Moynihan failed to outline any specific plans for further lowering overhead.

Facing the prospect of losing its license in California, Ocwen would be wise to settle its probe by state regulators in a timely manner, observers said. If it doesn't, the mortgage servicer could lose significant revenue and might even face a cash crunch.

Regions Financial is testing gamification as a way to teach financial literacy to young people with a mobile app that simulates a sport more commonly associated with older generations.

Westamerica Bancorp. in San Rafael, Calif., reported lower quarterly results as lower yields and a smaller loan book dragged down profit.

Monitise, a London-based payments technology company, has partnered with MoneyPass Network to provide services to ATM users in the U.S.

While put-backs and litigation risk are widely recognized as factors that have contributed to tight credit conditions, another factor — high servicing costs for nonperforming loans — is being overlooked.

Lenders could save time and money by offering homeowners the opportunity to finance the purchase of a rooftop solar system into a new mortgage.

New York Attorney General Eric T. Schneiderman announced Thursday plans to propose legislation to overhaul the state's data security law while requiring new safeguards for the personal data of consumers.

The Bancorp in Wilmington, Del., said the Federal Deposit Insurance Corp. will assess an insurance premium surcharge after a broader ruling on the status of prepaid cards.

A Minnesota state senator who filed for bankruptcy was relieved of $840,00 in debt last year, including $613,000 owed to the U.S. Small Business Administration.