Retail & Commercial

Student loan debt totals a record $1.2 trillion but the rampant growth could slow as the strengthening economy reduces the number of new loans, Deputy Treasury Secretary Sarah Bloom Raskin said Monday.

Millions of Americans rely on payday loans to meet their short-term credit needs, and new research suggests that they understand the costs and terms associated with the product.

EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources.

PNC Financial Services in Pittsburgh has agreed to buy Solebury Capital Group.

Citigroup CEO Michael Corbat reflected with Warburg Pincus CEO Joseph Landy and Paulson & Co. CEO John Paulson on the growth paradigm of tomorrow’s financial markets, the role of shadow banking within it and how the world for megabanks has become permanently smaller.

EBay, the world's biggest online marketplace, said it would split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.

It's becoming easier for Americans with low credit scores to get a credit card, according to a new report. The industry contracted sharply during the recession.

Debt collectors scored a major victory when a court reversed a ruling in the case of Gulf Coast Collection Bureau Inc. v. Mais.

The Federal Reserve and the Conference of State Bank Supervisors recently held their second annual conference dedicated to community bank research. Here are some of the important studies and reform ideas discussed during the two-day event in St. Louis.

The $3.2 billion-asset HomeStreet will pay $128 million in stock for the $870 million-asset Simplicity, the companies said in a press release Monday.