Retail & Commercial

The merger of the two airlines makes it likely that two rewards programs will become one, leaving the incumbent issuers no choice but to duke it out.

Just days after announcing that it is selling part of its mortgage-servicing business, Ocwen Financial (OCN) agreed to buy the mortgage-lending unit of New York investment bank Gleacher

The American Airlines and US Airways merger will heat up the competition between the two large issuing banks behind the airlines' rewards credit card programs, Citigroup Inc. and Barclays plc.

First BanCorp in San Juan, P.R., is attempting to improve its capital position by converting preferred shares into common stock.

Severn Bancorp (SVBI) in Maryland will restate earnings for the past three years to reflect a change in how it accounts for premiums on deposit insurance.

Wells Fargo (WFC) is broadening U.K. commercial property lending as European banks are forced to retreat.

A Florida couple has filed a lawsuit against Fifth Third Bancorp (FITB) over its “Early Access” deposit-advance program.

PNC Financial Services Group will promote William Demchak to be its next chief executive, awarding him a long-expected inheritance from current CEO James Rohr.

Educational lenders, led by Sallie Mae, are feeling a bit of a tailwind from the economy. But the industry remains on fragile footing.

Ally Financial is the first company to fulfill its requirements under the $25 billion national mortgage settlement, its top monitor said Thursday.