Retail & Commercial

FNBNY Bancorp has hired John F. Stewart, a former president of Citibank New York, as CEO of First National Bank of New York. Stella Mendes will be the bank's president.

Customers Bancorp in Wyomissing, Pa., struck its second deal in two months with an agreement to buy CMS Bancorp in White Plains, N.Y. Customers, led by Jay Sidhu, would expand its presence in Westchester County.

JPMorgan Chase will contribute about $1.2 billion to settle a price-fixing case brought by retailers over credit-card swipe fees.

Julius Baer Group Ltd. (BAER), the Swiss money manager established in 1890, is nearing an agreement to acquire Bank of America Corp. (BAC)'s Merrill Lynch wealth management businesses outside the U.S., according to two people with knowledge of the matter.

Visa, and MasterCard have until Oct. 19 to formally request approval of a more than $6 billion settlement to a lawsuit over interchange fees, according to a filing unsealed in Brooklyn, New York, federal court.

Show consumers mobile channels are useful, accessible, secure, familiar and easy to use.

PENSACOLA, Fla. -- Navy FCU closed yesterday on its $3.6 million purchase of 240 acres adjacent to its 65-acre call center, clearing the way to add 700 new jobs and invest $6.5 million into the huge operation over the next several years.

Trying to figure out Apple's intentions with mobile payments based on the technology giant's patent approvals is akin to assembling Ikea furniture without instructions. Some parts clearly fit, others not so much.

Transaction processor Vantiv plans to offer its new Mobile Accept card reader to help brick-and-mortar merchants handle payments outside their stores — without paying more than they do for in-store payments.

The Consumer Financial Protection Bureau issued a proposal Friday that would require mortgage servicers to provide clear monthly statements, earlier disclosures for interest rate adjustments and options to help borrowers avoid foreclosures and costly force-placed insurance.