Retail & Commercial

Stifel Financial (SF) in St. Louis has agreed to buy KBW (KBW) for more than $575 million in cash and stock.

The storm left many without electricity, phones and use of the roads. But in many of the affected areas, consumers and merchants continued to conduct business and found a way to handle payments.

Investors are suing the former Tennessee Commerce Bank, which failed in January after becoming critically undercapitalized, for violating federal securities laws, a law firm that filed the lawsuit said Friday.

Lemon is working with BillGuard, which provides a transaction monitoring service, to boost its mobile wallet's security and perhaps also boost the wallet's appeal among consumers.

Only a strong QM rule can prevent a repeat of the past and protect consumers from the type of risky and irresponsible lending that preceded the foreclosure crisis.

The popular mobile-phone game Angry Birds is once again helping a new payments product take flight, with the introduction of a Visa prepaid card with designs based on the game's theme.

Issuers and merchants have heard the card brands’ pitch that without EMV smart card adoption in the U.S., fraudsters will flock to this country because it will become a weak link in the data security chain.

MANCHESTER, N.H. – St. Mary’s Bank won a contract to install two ATMs in Manchester-Boston Regional Airport, an hour north of Boston.

Regulators closed the $225 million-asset Heritage Bank of Florida in Lutz, and the $924 million-asset Citizens First National Bank in Princeton, Ill. The two failures were estimated to cost the FDIC a combined $111 million.

The storm left many without electricity, phones and use of the roads. But in many of the affected areas, consumers and merchants continued to conduct business and found a way to handle payments.