Retail & Commercial

Innovations can fail catastrophically, as was the case for the mortgage and securitization innovations that precipitated the crisis. Valuable innovation profitably and honestly delivers greater perceived value to customers, without incurring disproportionate cost and risk.

The Treasury Department is scheduled on Tuesday to auction warrants to purchase 1.2 million shares of common stock in M&T Bank.

Intuit's 2012 New Year resolution for its GoPayment card reader was to take it around the world. It did so in bookend fashion.

Like many New Year's resolutions, this one got off to a great start and then languished. Intuit started the year by offering its GoPayment reader in Canada. The Mountain View, Calif.-based company's next significant international expansion was last week's push into the UK market with a pilot program called Intuit Pay.

Cheap travel and social media continue to connect people all over the world. Companies focusing on e-commerce and payments gateways could see success as the world becomes more globalized by helping merchants handle payments from those who want to spend beyond their borders.

MANSFIELD, Texas – Texas trust CU opened its tenth branch here yesterday, its second new branch of the year.

DENVER – Bellco CU opened its newest metro Denver branch yesterday in Sloan’s Lake and is opening an additional branch next Monday in Englewood.

Prosperity Bancshares (PB) in Houston has agreed to buy Coppermark Bancshares in Oklahoma City, Okla., for $193.9 million in cash and stock.

The $5.8 billion-asset holding company of Chemical Bank in Midland, Mich., said Monday it has completed its $8.1 million purchase of 21 branches from Independent Bank (IBCP) in Ionia, Mich.

Banks will have adjustments to make in residential lending next year even though the housing recovery will continue, according to an economic forecast issued Monday.

The jump in Bank of America’s Basel III capital ratio in the third quarter reflected favorable moves in rates and credit spreads, not retained earnings.