Retail & Commercial

Recently launched Shpock wants to facilitate the buying and selling of products listed online, but the system was designed to deliberately omit payments from the process.

There is no single definition of a “mobile wallet.” Each product differs vastly in its choice of technology, audience and the basic type of payment upon which it was built — but most fit into a few simple categories.

Banks shouldn't go to extremes to make up for declining earnings, Comptroller of the Currency Thomas Curry said Friday.

The board of 1st Mariner Bancorp has withdrawn from a long delayed securities purchase agreement with a New York investment firm that would have injected badly needed capital into the Baltimore company.

First Citizens BancShares (FCNCA) in Raleigh, N.C., postedlower third-quarter profit from the same period last yearafter recording a gain from an acquisition.

Strike Debt, a movement that emerged from the Occupy Wall Street movement, announced plans Friday to stage a variety show and telethon to raise money to buy and cancel consumer debt.

The ruling was quickly hailed by financial institutions, but panned by one of the nation’s largest retail trade groups.

A federal judge granted preliminary approval Friday to the proposed settlement of a massive lawsuit brought by retailers against Visa, MasterCard and banks that issue their cards.

CVB Financial in Ontario, Calif., announced Friday that co-founder John Borba would retire from its board on Nov. 30.

Small banks won a critical battle Friday as regulators agreed to indefinitely delay implementation of Basel III until various issues with a proposal can be resolved.