Retail & Commercial

For PayPal, mobile devices aren't just new instruments of payment. They are also a way to attract new active users.

Umpqua Holdings (UMPQ) in Portland, Ore., missed its quarterly earnings expectations because of margin pressure.

American Express (AXP) on Wednesday reported earnings of $1.3 billion in the first quarter of the year, aided by aggressive cost-control efforts and by high repayment rates on its credit cards.

American Express Co. posted a first-quarter profit that exceeded analysts’ estimates as consumers increased their spending on its cards.

Fee income lifted first-quarter profits at Wintrust Financial (WTFC) in Rosemont, Ill.

Fifth Third Bancorp (FITB) will pay $16 million to settle long-standing charges that it misled investors about its financial condition on the eve of the mortgage meltdown.

Shore Bancshares (SHBI) in Easton, Md., has tapped a company veteran to become its chief executive.

Boston Private Financial Holdings (BPFH) plans to buy back all of the preferred stock held by its largest investor, the Carlyle Group, for approximately $70 million.

Democratic lawmakers raised numerous concerns Wednesday over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Huntington has enjoyed undeniable success in attracting new customers, but a big question for investors is when that growth in new households will translate into meaningful revenue growth.