Retail & Commercial

Visa and MasterCard will pursue a multibillion-dollar price-fixing settlement over retailer swipe fees as opposition to the deal reached a level that would have allowed the card firms to walk away, according to one of the companies.

The Online Lenders Alliance wants the group that manages a U.S. payment system to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.

Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.

Reports of suspected fraud received by the Financial Crimes Enforcement Network fell by 25% last year, to just under 70,000, according to the regulator's report on fraud filings for 2012, released Tuesday.

The chief executive of Golden Pacific Bancorp in Sacramento has left the company.

A new Baltimore federal court filing shows that more than $2.9 million was seized by the Department of Homeland Security from Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Bitcoin exchange Mt. Gox, in May.

U.S. Bancorp has hired advertising agency Butler, Shine, Stern & Partners for its U.S. market, replacing the Kaplan Thaler Group.

Sterling Financial, which has 173 branches in Washington, Oregon, California, and Idaho, announced the launch of its free mobile app on Tuesday.

Free checking accounts are on the wane at traditional banks, according to a MoneyRates.com survey released Monday. But customers can still avoid monthly maintenance fees at a majority of online banks.

Ally Financial (GMA) in Detroit has agreed to sell $1 billion of stock to help fund the buyback of about $5.9 billion of preferred stock from the Treasury Department.