Retail & Commercial

ProPublica this week became the latest media outlet to start tracking banks' recent scandals, from JPMorgan's London Whale to HSBC's money-laundering issues.

The CEO of First PacTrust will now share his title with an investor and director, who the bank hired to oversee nonbank deals.

BB&T (BBT) will lay off as many as 365 employees in connection with its acquisition of BankAtlantic in Fort Lauderdale, Fla., according to a filing with the state government.

Pulaski Financial (PULB) in St. Louis has repurchased almost a quarter of the preferred stock it had issued to the Treasury Department under the Troubled Asset Relief Program and that was subsequently sold to private investors in an auction.

The sad reality is that an unregulated shadow financial system pushed explosive subprime loans.

Fierce competition for customers has forced card issuers to sharpen their game, and the result for customers is better service, favorable rates and more generous rewards programs, according to J.D. Power & Associates.

If the networks don't voluntarily implement more reasonable pricing, merchants will steer consumers to cheaper alternatives and there will soon be nothing left to fight about.

Nearly a third of acquirers surveyed still view mobile payments as a threat.

The number of homeowners who owe more on their mortgages than their houses are worth fell by about 400,000 in the second quarter as prices rose and properties were lost to foreclosure, Zillow said.

The banking SuperPAC is eyeing seven candidates — four Republicans and three Democrats — as it decides what two races to support in late September or early October. Following is the short list of who is under consideration.