Retail & Commercial

Community banks are once again considering offering credit cards after retreating from the product after the financial crisis.

Politicians who blindly supported restrictive AML guidelines now proclaim disgust as a global bank severs relationships with firms that send money to Somalia. But Barclays is merely exercising understandable caution.

Profit slipped at Cullen/Frost Bankers (CFR) in San Antonio as expenses rose last quarter.

Applications for adjustable-rate mortgages in late June rose to the highest level since 2008 after the Federal Reserve sent fixed rates surging by signaling it may curtail bond buying credited with pushing borrowing costs to the cheapest on record.

Profit fell at New York Community Bancorp (NYCB) in Westbury, N.Y, as mortgage banking revenue dropped sharply last quarter.

PatientFocus, a medical billing company that deals with patient-pay collections before bad debt, reached an agreement with specialty medical product distributor Choice Medical Inc.

New executives are effecting an IT reawakening at Orrstown Bank to prepare it for growth. Projects being tackled include: enlarging the IT team, outsourcing the core, replacing the email system and redoing the digital channels.

BankUnited (BKU) in Miami Lakes, Fla., added interest income and beat earnings estimates as it expanded into New York City last quarter.

Asset management fees helped push UMB Financial in Kansas City, Mo., to a higher quarterly profit.

The bank isn't just a place to store your money. It's a place to store your data under lock and key, but available to all those with permission to use it.