Retail & Commercial

Many payments startups face the difficult task of getting consumers to switch their lifelong habits. Waspit says college students are the best audience to target because they are tech-savvy and willing to experiment.

A year ago we asked BankThink's regular contributors to make bold predictions about 2012. Here's a look back at their forecasts and the actual outcomes.

Royal Bancshares of Pennsylvania (RBPAA) in Narberth, Pa., has hired a former executive at PNC Financial Services Group (PNC) to run its bank.

Bankers are applauding the opening salvo of a Federal Deposit Insurance Corp. project to focus on community bank troubles, but are already looking ahead to the next phases.

The company landed $85 million to fuel organic growth at a time when most banks are attracting large investments for acquisitions.

Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., has given Michael Daly, its president and chief executive, the added title of chairman.

White House officials have approached American Express Co. (AXP) Chief Executive Officer Kenneth Chenault about joining President Barack Obama's second-term administration, possibly as Treasury secretary.

Until recently, the card resided in the wallet of Jerome Svigals, one of the engineers who invented it when he worked at IBM in the 1960s.

The economy may be improving, but banks appear unlikely to regain the creditworthiness they enjoyed before the financial crisis any time soon.

White House officials have approached American Express Co. CEO Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter.