Retail & Commercial

Oberthur Technologies will supply First Data Corp. with EMV smart cards as part of a partnership in which both companies plan to promote use of the chip-based cards in the U.S.

OneWest Bank FSB, the lender formerly known as IndyMac Bancorp Inc., plans to pay a $1 billion dividend to backers including George Soros and John Paulson ahead of an initial public offering next year, two people with knowledge of the matter said.

MVB Financial (MVBF) in Fairmont, W. Va., and Rockville Financial (RCKB) in Rockville, Conn., have hired chief financial officers.

In seeking to prevent future financial contagion, the U.S. may have gone too far in regulating the mortgage industry, cutting millions of potential buyers out of the real estate market.

Premier Financial Bancorp (PFBI) in Huntington, W.Va., has agreed to buy Gassaway Bancshares in Gassaway, W.Va.

Many community banks reported lower earnings or lost money outright in the third quarter. Behind the bad numbers was a spike in long-term rates that dumped ice on refinancing activity. Following is a look at notable instances of banks that suffered from the mortgage shift.

JPMorgan Chase, which is planning to break off its buyout unit, is in talks to sell about $4 billion of private-equity stakes to an investor group, said three people familiar with the situation.

Rigorous capital standards have helped U.S. banks nearly recover from the financial crisis as many of their European counterparts continue to flail, according to a new study from the Boston Consulting Group.

JPMorgan Chase has resolved the last obstacles to a record $13 billion settlement of civil state and U.S. probes over the sale of mortgage bonds, clearing the way for a deal today after months of negotiations, two people briefed on the matter said.

JPMorgan Chase agreed to drop litigation against the FDIC over some mortgage bonds sold by Washington Mutual Inc., clearing the way for a $9 billion accord with state and federal officials, a person briefed on the matter said.