Retail & Commercial

Corporate payment provider WEX has entered into an agreement to acquire Evolution1 for $532.5 million in cash.

Six directors at Solera National Bancorp (SLRK) have resigned as the Lakewood, Colo., company remains embroiled in a messy public struggle with its biggest investor.

Smaller banks face a tricky choice with jumbo loans: hold them and face rate risk, or sell them to a bigger bank and risk losing a customer. An unusual arrangement between the FHLB and a REIT could offer community banks a better route.

Discover Financial Services agreed with regulators to bolster its payment systems against money launderers. No financial penalty was imposed.

The United States Court of Appeals has confirmed BancorpSouth's lack of liability in an online banking fraud case, and even granted that the bank may seek to recover attorneys' fees from the victim.

WASHINGTON — A financial education partnership between public libraries and the Consumer Financial Protection Bureau has skyrocketed to more than 98 library systems in the two months since the pilot program launched.

Wells Fargo lost its chance to appeal to the Supreme Court to approve its use of a complicated tax shelter. But clarity provided by that case and those being fought by BB&T and others is likely to provide the basis for future tax loopholes for banks.

A federal district court in Washington upheld another ruling disallowing three hedge funds controlling portions of a defaulted loan from voting on a reorganization plan. The ruling could impact banks as they make more concessions to win business.

The lawsuit stands out as the first major legal action by a state against a credit bureau in recent years, but it may pressure other states and federal agencies to take public action.

Illinois Attorney General Lisa Madigan is alerting residents about an email scam that uses her office’s name and falsely threatens prosecution to collect on supposed debts.