Retail & Commercial

The Federal Reserve Board entered into a written agreement with Macon Bancorp that requires the Franklin, N.C., company to serve as a source of strength to its bank.

Visa swung to a loss of $1.8 billion in the third quarter, as it paid its portion of a $6 billion settlement agreement with retailers that was announced earlier this month.

Visa (NYSE: V) swung to a loss of $1.8 billion in the third quarter, as it paid its portion of a $6 billion settlement agreement with retailers that was announced earlier this month.

Visa Europe Ltd. may receive an antitrust complaint from European Union regulators over credit card fees, the EU's competition commissioner said.

Visa posted a fiscal third-quarter profit that beat analysts' estimates as credit and debit card spending rose.

The head of First Commonwealth Financial (FCF) spoke for a lot of bankers Wednesday who hope to follow his lead.

The card giant will devote more than a quarter of its marketing budget this fiscal year to its sponsorship of the London games and related activities and company officials insist it is worth every penny.

Sandy Weill's call to break up big banks invoked the Main Street bankers who have blasted Wall Street fat cats like him for years. What next for him — a director post at a small bank in Peoria?