Retail & Commercial

I would feel better about banking at a place that took an active role in educating the public on the financial system. I would also appreciate a complete breakdown on any puzzling paperwork, confusing mathematics or common mistakes when I sign up for an account.

PrivateBancorp (PVTB) in Chicago posted higher quarterly earnings because of improved credit quality and lower expenses.

Citi and Barclaycard US will both have a seat at the table after American Airlines and US Airways combine their frequent flier programs and affinity credit cards, but the issuers will have somewhat different roles.

MB Financial (MBFI) in Chicago reported a minor dip in quarterly earnings as net interest income fell.

Flagstar Bancorp (FBC) in Troy, Mich., announced Thursday it is laying off approximately 600 employees as part of a cost cutting measure.

Soo Bong Min, the president and chief executive of BBCN Bank in Los Angeles, has stepped down after less than a year on the job.

Citigroup (NYSE: C) plans to send new debit cards to customers affected by the Target data breach, The New York Times reported Thursday.

Debit cardholders would feel more appreciated if their bank voluntarily notified them prior to overdrafts and offered to mail statements in languages other than English.

U.S. foreclosure activity during all of 2013 dropped 26% compared to 2012 to 1.361m properties, its lowest level since 2007 (1.3m filings), according to RealtyTrac U.S. Foreclosure Market Report.

Huntington Bancshares' (HBAN) fourth-quarter profits fell 6% from the same quarter in 2012, to $158 million, due largely to a sharp decline in mortgage banking income.