Retail & Commercial

MasterCard reported a third-quarter profit that beat analysts' estimates as a stronger euro helped boost revenue.

CommunityOne Bancorp (COB) in Asheboro, N.C., reported its first quarterly profit since 2008.

Debt buyer Portfolio Recovery Associates Inc. reported third quarter financial results that included record revenues of $197.8 million, up 31% from the year-ago period.

The best banks to work for often provide their employees with good benefits and flexible schedules — but they also have more specialized perks, from free rental cars to career counseling, according to American Banker Magazine's November cover story. Editor-in-Chief Heather Landy discusses what sets some banks apart in the workplace.

Mortgage servicer Ocwen Financial (OCN) in Atlanta missed Wall Street's earnings estimates because of delays in integrating servicing rights portfolios it acquired.

United Credit Recovery LLC, a Florida-based financial firm, allegedly attempted to collect overdue debts from consumers by creating phony legal documents that included cut-and-paste bank logos, according to a lawsuit filed by Minnesota Attorney General Lori Swanson's office.

Allowing a further transition period of nine to 12 months would better ensure complete compliance with all the requirements. Meanwhile, community banks will be able to continue providing the safe and solid mortgage loans they are known for.

EverBank Financial Corp. (EVER) in Jacksonville, Fla., has agreed to sell its default mortgage servicing platform, along with more than $20 billion in rights, to a subsidiary of Walter Investment Management.

WASHINGTON - State regulators in Florida closed the $25 million-asset Bank of Jackson County, located in Graceville, the 23rd institution to fail this year.

The $1.7 billion-asset company submitted a shelf registration with the Securities and Exchange Commission on Wednesday that would allow it to sell up to $150 million of equities or debt.