Retail & Commercial

Federal law gives President Obama the ability to remove the Federal Housing Finance Agency's acting director and replace him with one of three deputies, New York Attorney General Eric Schneiderman's office concludes.

Investors in search of yield are supporting a return to more aggressive, higher-risk transactions. Banks need the discipline of fixed underwriting standards to prevent mindless herding.

Elavon and Banco Santander confirmed their plan to launch a joint venture to provide merchant services in Spain.

M&T Bank's purchase of Hudson City Bancorp faces a lengthy delay after regulators raised concerns about M&T's compliance with anti-money-laundering rules.

Wells Fargo (WFC) posted a 22 percent rise in first-quarter profit that beat forecasts as the company curbed expense growth.

JPMorgan Chase & Co., the largest U.S. bank by assets, said first-quarter profit rose 33 percent, beating analysts' estimates as record low interest rates fueled mortgage-revenue gains.

Bank of America says it and other banks, which have a full view of each customer's financial needs, are well-positioned to succeed as mobile payments providers.

MoonClerk is a new company that's targeting a distinct segment of the payments technology market—the startups and small businesses that want to build a Web payment acceptance engine, but don't have the right tech expertise in-house.

Century (CNBKA), a $3.2 billion-asset company in Medford, Mass., said in a regulatory filing Thursday that James McDonough had resigned as a director to become CEO of Randolph Savings in Stoughton, Mass.

After months of concern about MasterCard's April l9 liability shift for ATM owners accepting Maestro cards, the National ATM Council says it has established a workable solution with the card brand's offer of fraud screening. But another ATM trade group isn't celebrating just yet.