Retail & Commercial

The management of 1st Constitution (FCCY) in Cranbury, N.J., is planning to raise up to $7 million through a rights offering.

From Paul Ryan on Volcker to Julie Williams leaving the OCC, Washington managed to dominate banking news during a week when it's traditionally a ghost town.

The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, four years after the government bailout of the beleaguered housing behemoths.

Eight months after abandoning plans to sell itself, BankUnited (BKU) in Miami Lakes, Fla., is once again weighing offers from potential buyers, the New York Post reported Friday.

The Treasury Department today announced plans to accelerate the winddown of Fannie Mae and Freddie Mac.

In a week's time, the mobile payments world was turned upside down as Square announced a major partnership with Starbucks and a radically different pricing option for merchants. Now payments providers are beginning to piece together how they can ride this wave instead of getting crushed underneath it.

It took the Denver company nearly a year to complete its purchase of a rival twice its size. The deal, which required raising capital to buffer against the seller's credit issues and complete a Tarp repayment, illustrates the difficulty of making small but ambitious acquisitions.

MANSFIELD, Texas – Texas Trust Credit Union has purchased two office buildings with nearly 80,000 square feet of space that it designated to become its new corporate headquarters.

Chargeoff rates ticked up at four of the six largest issuers in July from the previous month. Delinquencies held steady, however, bucking the typical seasonal increase, and writeoffs appear set to subside in the coming months.

Discover Financial Services now allows consumers to link Discover cards to Google's mobile wallet from Discover's website.