Retail & Commercial

Fleet card provider FleetCor Technologies has acquired Telenav, which sells technology that tracks the location of truck drivers and mobile workers who buy gas and make other work-related purchases while on the job.

U.S. banks are expected to unload up to $2 trillion in mortgage servicing rights. Behind the sell-off are tough new Basel III capital requirements and the past failures in servicing troubled loans that has brought unwanted scrutiny. Picking up the slack are nonbanks like Nationstar (NSM), Ocwen Financial (OCN) and Walter Investment (WAC), all of which have been aggressively snapping up banks' servicing portfolios. Watch out, too, for Penny Mac, which plans to use the proceeds from its planned public offering to fund servicing acquisitions.

The anger against the country's biggest banks is ready to boil over, Harris Simmons, the chairman and chief executive of Zions Bancorp., warned Wednesday.

Pan Pacific Bank in Fremont, Calif., has snagged a small business lender from the Bay Area. The $113.3 million-asset bank said Thursday that Ron Barrett was hired as a vice president and manager of government-guaranteed loans.

State Bank Financial (STBZ) in Atlanta has lowered its 2012 earnings to address an accounting error in tied to loans it obtained from failed-bank deals.

Intuit is making Inuit Pay generally available in the UK, enabling businesses to accept credit and debit payments in person and over the phone.

The company’s new iPad app can perform many of the same functions as its iPhone app, such as accepting PayPal and swiped card payments. The iPad app is being targeted at businesses that require hardware more robust than an iPhone to accept payments, yet don’t have a point-of-sale system.

Elizabeth Warren, the consumer advocate turned senator, reiterated her call on lawmakers to vote on Consumer Financial Protection Bureau Director Richard Cordray.

Banks have been pillars of their communities and pillars of local architecture throughout American history. Several institutions today operate out of digs that are listed on the National Register of Historic Places. Here's a look at some of the most notable and elegant examples.

Home repossessions in the U.S. plunged 29% last month from a year earlier to the lowest level since 2007 amid increased efforts by state lawmakers and courts to delay property seizures, according to RealtyTrac.