Retail & Commercial

The U.S. securities industry canceled equity trading on all markets today, moving to protect workers as Hurricane Sandy barreled toward New York City with 70-mile-per-hour winds and the threat of an 11-foot sea surge.

State Bank Financial (STBZ) in Atlanta reported a drop in quarterly earnings as income tied its past failed-bank deals fell.

Banks in the Magnolia State have built up capital and profits, and their owners are hoping the state's poor national reputation will shield them for a while from big rivals and M&A trends.

Eagle Bancorp in Bethesda, Md., plans to sell more than $10 million in stock to go along with a $35 million offering that it recently completed.

Regulators took a slew of enforcement actions against banks last month in connection with consumer protection, capital adequacy and other matters.

Tim Murphy, chief product officer at MasterCard Inc., spoke to PaymentsSource about why the industry needs the EMV standard, as well as the various challenges facing his company as the payments ecosystem moves into a new, technology-driven era.

Payment processing technology provider SecureNet has launched an instant merchant account boarding software that allows the merchant to begin accepting payments immediately, rather than endure a two-day wait.

Banks in the forecasted path of Hurricane Sandy braced Sunday for the storm, while making plans to help their operations weather it without interruption.

BIRMINGHAM, Ala. – Jefferson CU is moving its corporate offices to Hoover and the $70 million credit union plans to open additional new branches in the next few years.

HARRISBURG, Penn. – Pennsylvania State Employees CU has teamed up with several energy companies to develop an onsite power generation system that will provide back-up energy for the credit union’s new 239,000-square-foot headquarters.