Retail & Commercial

Higher costs offset revenue gains at Community Bank System (CBU) in Syracuse, N.Y., in the fourth quarter. Earnings at the $7.5 billion-asset company fell roughly 1% from a year earlier, to $18.8 million.

Preferred Bank in Los Angeles blamed its lower fourth-quarter profits on tax-related items.

PNC Financial (PNC) is teaming with one of the nation's top business schools to foster innovation in the financial industry.

HSBC (HBC) has promoted the head of its American arm to the company's top executive team.

The Columbus, Ga., company reported higher quarterly earnings, helped by a $800 million deferred tax asset, and quieted M&A talk for now.

PremierWest Bancorp (PRWT) in Medford, Ore., took a loss in the fourth quarter as it sought to remove dead wood from its balance sheet.

Nearly three years after the implementation of a landmark credit card reform bill, the Consumer Financial Protection Bureau faces a monumental challenge: determining whether the law helped or hurt consumers.

Citibank India announced the launch of a mobile and tablet card reading device today developed by Ezetap Mobile Solutions.

Valley Bank in Fort Lauderdale, Fla., will get an assist from its parent after facing a capital shortfall.

Penalty fees fell 8% among credit card issuers last year. The fees have declined since 2009, when Congress passed legislation that limited the ability of card issuers to impose certain charges.