Retail & Commercial

Preferred Bank (PFBC) in Los Angeles has added the role of president to the responsibilities of its chief operating officer, Wellington Chen.

U.S. gasoline demand rose 1.9% last week as prices at the pump jumped to a 13-week high, according to data from MasterCard Inc.

American Express is most popular for mail-order purchases on the West Coast and in the Northeast; Discover is most popular in the Midwest. Litle & Co. learned these and other trends in an analysis of its processing data.

Bank of America has ceased selling all payment protection plans to credit card customers, killing off a business line targeted by regulators.

Fannie Mae told lenders that it's tightening some of its qualification standards for people buying homes or refinancing loans.

The five largest mortgage servicers are suddenly eager to provide relief to distressed homeowners, but after years refusing to modify loans or reduce principal, they are concerned that borrowers will ignore their solicitations.

Wells Fargo (WFC) said competition in the mortgage market is "essential" and that its control of 1 in 3 U.S. mortgages is the result of doing a better job than rivals.

Megabanks provide useful, all-in-one services to their big business customers, but corporate America has some reservations about them. Here's what bankers and corporate treasurers had to say about their complex relationships and whether big banks are necessary.

PayPal's point of sale mobile payment system combines over half a decade of initiatives — and a few notable setbacks along the way.

First PacTrust Bancorp (BANC) has landed another deal and a co-chief executive.