Retail & Commercial

Louis B. "Buzz" Eckelkamp III, who has been promoted to president of Bank of Washington in Missouri, got a pat on the back from his boss — his dad. However, the celebration was short.

Vantiv and Planet Payment have launched the Pay in Your Currency service at 85 Billabong locations in the U.S.

Show me an industry with artificially high barriers to entry, and you will almost certainly find dissatisfied customers paying higher prices to large, protected providers.

U.S. Bancorp and a nonbank partner have agreed to pay $6.5 million to settle charges that they misled members of the U.S. military about the fees charged on auto loans.

Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.

Institutions need to realize that, given the relative health of their asset portfolios and the current regulatory environment, valuations and deal prices will be below historical averages.

BancorpSouth in Tupelo, Miss., plans to redeem $125 million in trust-preferred securities.

United Community Bank in Blairsville, Ga., expects a spike in second-quarter earnings after being cleared to reverse most of its deferred tax asset valuation allowance.

The business credit card sector, which was on life support near the end of the recession, appears to be strengthening.

Tablet point of sale technology provider Revel Systems has raised $10.1 million in expansion capital that it will use to increase staff as well as open new offices in Asia and Europe.