Retail & Commercial

JPMorgan Chase's recent deal to buy the merchant-offer provider Bloomspot Inc. will expand the ways in which the largest U.S. bank by assets presents offers to customers.

Record-low mortgage rates aren't cheap enough for Federal Reserve Chairman Ben Bernanke as he tries to spur economic growth and create jobs.

The Office of the Comptroller of the Currency has taken enforcement measures against six banks and terminated actions against a half dozen others.

The interim chief financial officer of Capitol Bancorp has quit.

At a pop-up market in New York's Union Square Park this week, locals and tourists squeeze past each other as they make their way through rows of candy cane-striped tents, perusing merchants' products as hurried commuters coming and going from a nearby subway entrance dart through the crowd.

In a one-hour interview at his office in Massachusetts earlier this year, Rep. Barney Frank was surprisingly open, discussing what motivated him to get into politics, his personal life, and the cause of political gridlock in Congress.

The Greenville, S.C., bank will acquire Resource Financial Services, which has eight offices in five states. CertusBank did not disclose the price it will pay for the four-year-old company.

The Maryland companies have moved the deadline for terminating the deal while they await Fed approval. Carrollton also said Friday that its CFO will resign in January.

The combative bank analyst has joined a small firm with little background in bank research because, he says, it promised “the freedom” to speak his mind.

When Marianne Lake becomes JPMorgan Chase's (JPM) new chief financial officer next year, David Owen will fill her current role as CFO of its consumer and community bank.