Retail & Commercial

Mortgage lenders get clarity from Fannie and Freddie; Capital One CEO fears competition from mobile players; former IndyMac CEO fights the SEC.

The medical marijuana market once represented a new opportunity for merchant processors, but it dried up almost overnight when the major U.S. credit card networks more or less banned them from processing such sales — even in states where it is legal.

FirstMerit will have to spend major investor equity to buy struggling Citizens Republic, but its shares are strong enough to afford the deal and the fit would be that good, FirstMerit CEO Paul Greig says.

ALEXANDRIA, Va. – Pentagon FCU has opened a new branch at Pentagon City, the office and shopping mall development across the street from the Pentagon.

Panelists at American Banker's Regulatory Symposium, including Eagle Bancorp CEO Ronald Paul, fear that small banks could lose deposits to bigger competitors if the program ends.

Isis, the mobile-payment venture backed by AT&T, Verizon Wireless and T-Mobile USA, won't debut by the end of September as planned, extending delays for a service once expected to start by the end of June.

No one group dominates the panel, which includes bank and credit union executives, consumer advocates and community development officials.

Level One Bancorp in Farmington Hills, Mich., has found its next growth opportunity with a deal to buy a struggling 128-year-old bank.

Banks will not regain the public's trust with good marketing, PNC chief executive officer James Rohr tells American Banker's Regulatory Symposium.

Cadence Bancorp has entered San Antonio after hiring a group of lenders from International Bancshares.