Retail & Commercial

Fees from residential refinancings propelled Sandy Spring Bancorp (SASR) in Olney, Md., in the first quarter.

BB&T announced Thursday that it earned $210 million in the first quarter, compared with $431 million a year earlier, as it took a $281 million charge related to a tax dispute with the Internal Revenue Service.

KeyCorp (KEY) posted double-digit growth in its commercial and industrial loan portfolio and its earnings rose in the first quarter.

But large banks have narrowed the gap as they have made a more concerted effort to better explain their fee structures to disgruntled customers.

Without any clear drive to consolidate, the mobile-wallet market will remain chaotic for merchants in the near-term. But from the consumer's perspective, it won't be chaotic at all.

In Russia, there's a large potential for U.S. payments providers willing to brave country's complex tech infrastructure and a national ID and payment card initiative that's still a work in progress.

ABERDEEN, Md. – APG FCU, formerly Aberdeen Proving Grounds FCU, will open two loan centers in Cecil County next month, in Elk Mills and Rising Sun.

Steve Antonakes, the No.2 at the Consumer Financial Protection Bureau, spent an hour with bankers on Wednesday attempting to ease concerns about impending mortgage rules and the examinations that will follow.

Astoria Financial (AF) in Lake Success, N.Y., boosted its quarterly profit nearly 40% by reining in costs.

U.S. Bancorp (USB) is about to add a service for Somali immigrants in the U.S.