Retail & Commercial

The asset management unit for Fifth Third Bancorp has agreed to sell some assets to three of its executives.

Banco Santander SA's decision to abandon its 1.7 billion-pound ($2.7 billion) purchase of 316 Royal Bank of Scotland Group Plc branches may prompt the U.K. lender to keep them or seek more time to find a new buyer.

The U.S. migration to the EMV secure chip-card standard has been so slow that some have compared it to the country's adoption of the metric system. But after years of delays, the mobile-wallet craze changed the rules.

Times are tough for community banks. Net interest margins are getting squeezed and loans are hard to find. Bankers must be mindful that their margins of error are also thin as they face temptation to take more risks. Here are some mistakes to avoid.

Banks have a long history of hiring personalities to fill board seats. The practice fell out of favor during the financial crisis but is slowly experiencing a revival. Some appointees bring financial expertise to the table, while others deliver a certain cache to the bank.

Visa began offering its V.me digital wallet this week with PNC, the first of more than a dozen bank partners it has lined up.

A unit of EverBank Financial (EVER) has hired a former U.S. Bank sales manager as the Jacksonville, Fla., company continues to diversify its business.

The retail services business of Alliance Data Systems (ADS) has signed a long-term agreement to continue providing the private-label credit card program for home furnishings retailer Crate & Barrel.

Though nearly two-thirds of Americans say they hear a mix of good and bad economic news, 28% say they hear mostly bad news, down from 35% in September, according to a survey released Wednesday by the Pew Research Center for the People & the Press.

Bank of the Ozarks (OZRK) in Little Rock announced earnings of the $19.3 million for the third quarter, up 2% from a year earlier, as low expenses more than offset rising credit costs.