Retail & Commercial

JPMorgan Chase Chief Executive Officer Jamie Dimon sees challenges from companies such as Facebook and Google as they seek to provide online banking and money-sending services.

Read alone, a recent report from the CFPB might suggest that arbitration clauses in banking contracts could disadvantage consumers, but it was only a preliminary look that failed to paint a complete picture of arbitration's costs and benefits.

The Texas Attorney General's office reports that a new scam involving people pretending to be investigators with the office has victimized at least 200 people, each who recently applied online for a small loan.

UMB Financial (UMBF) in Kansas City, Mo., has agreed to buy the corporate trust business of RCB Bank in Claremore, Okla.

American Express Co. is ready for its new small business program, OptBlue, to take the spotlight after several months of testing and a soft launch with acquirers.

Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.

First Mid-Illinois Bancshares (FMBH) in Mattoon, Ill., has received approval from the Nasdaq Stock Market to list its common stock on the Nasdaq Global Market.

Green Bancorp in Houston has agreed to buy SP Bancorp (SPBC) in Plano, Texas.

First American Bank in Elk Grove Village, Ill., has agreed to buy Bank of Coral Gables in Florida.

Bankers are split on whether consumers' use of credit cards will stabilize over the next two years and if their level of card debt may eventually return to pre-financial crisis levels, according to a report released Monday by the Federal Reserve Board.