Retail & Commercial

Lower noninterest expenses and a declining provision for credit losses led Bank of Hawaii (BOH) in Honolulu to second-quarter net income of $40.7 million, up almost 16% from a year earlier.

Bank sellers and buyers are seeing a steady pickup in business, including separate deals last week by Emigrant and WesBanco.

Isis is seeking independent sales organizations to promote mobile payments to merchants in a test of its mobile wallet this year in Salt Lake City and Austin, Texas.

Metro Bancorp (METR) in Harrisburg, Pa., reported its most profitable quarter in nearly four years in the three months that ended June 30 as the company saw a modest increase in loans and revenues and continued to reduce its overhead.

Bank of America (BAC) reduced its automated teller network almost 9 percent this year by yanking most of the devices deployed at U.S. gas stations and malls.

Citigroup has developed another perk-laden credit card, in the latest big-bank effort to poach some of American Express's wealthy, high-spending customers.

Higher earnings at People's United Financial could not prevent analysts from heavily questioning management on the company's lower net interest margin during a conference call.

Citigroup has developed a perk-laden Hilton credit card, in the latest big bank effort to poach some of American Express's wealthy, high-spending customers.

Two banks owned by Mercantile Bancorp in Quincy, Ill., were among five failures on Friday, one of the busiest nights for closures in recent weeks.

NEW YORK — Target Corp., one of the biggest retailers in the country, joined groups including the National Association of Convenience Stores in opposing the proposed $7.25 billion settlement of a lawsuit brought by a group of retailers against Visa and MasterCard and a dozen large banks.