Retail & Commercial

American Express has promoted Edward P. Gilligan to the role of president, the company announced April 15.

Record mortgage revenue and more lending helped M&T Bank (MTB) raise profits 33% in the first quarter.

American Express has promoted Edward P. Gilligan to the role of president, the company announced April 15.

Wells Fargo has rolled out a website to help customers, and eventually non-customers, meet their retirement savings goals.

Citigroup (C) said first-quarter profit rose 30 percent as revenue from fixed-income trading and investment banking exceeded analysts' estimates.

Despite the abundance of portable card readers, the sales pitch is often the same: it's for babysitters, gardeners, flea market sellers and other small merchants. Payleven says the market can be much bigger.

LevelUp's partnership with Chartwells Higher Education Dining Services could expand the mobile payment system's presence in the Midwest, a region that has received less attention from startups than San Francisco and New York.

Banks competing for new loans can be irrational and "a little scary" in terms of pricing, says Andy Harmening, a senior executive vice president and regional banking group head at Bank of the West. He spoke to American Banker at the annual Best Practices in Retail Banking Symposium.

FORT WAYNE, Ind. – 3Rivers FCU on Friday said it will be closing its Van Wert, Ohio branch on June 15 because of declining membership, fewer branch transactions, and the growing trend by members to use online banking, mobile banking and ATMs.

Sen. Barbara Boxer asked officials Friday to look into evidence that the big banks are violating the $26 billion national mortgage settlement.