Retail & Commercial

Northfield Bancorp (NFBK) in Woodbridge, N.J. has promoted a senior executive to become its president.

Young hipsters aren't the only ones who want to conduct business with mobile phones. The underserved are also heavy smartphone adopters, and likely to use them for banking and payments.

U.S. banks have shed tens of thousands of jobs in recent years. Still, even those that are pruning staff in some areas are ramping up in specific business lines or markets to generate new revenues. Here's a look at who's hiring and where.

As banks press ahead in introducing mobile services, glitches abound. But many see phone-based banking as a game-changer as customers embrace the technology, warts and all.

A Senate panel is said to be looking into warnings by a former trader at JPMorgan Chase months before his bets ballooned into a $6 billion loss for the company.

Robert Scully, a former top executive at Morgan Stanley, said he will leave the Bank of America board when his term expires.

Add First Baldwin Bancshares in Foley, Ala., to the list of companies turning to bankruptcy as a way to stabilize banking units.

TCF Financial in Wayzata, Minn., continues to take heat over efforts to comply with U.S. laws that govern transactions with Iran.

Profits at the prepaid card issuer Green Dot (GDOT) fell sharply in the fourth quarter but still came in higher than analysts had expected.

Fifth Third Bancorp (FITB) has agreed to buy a credit card portfolio from Quad City Bank & Trust.