Retail & Commercial

Finally, senior policymakers are focusing on negative equity. But the answer to the problem is to change borrowers' incentives, not to abrogate contract and property rights.

U.S. Bancorp (USB), the top performer in the KBW Bank Index for the past 12 months, posted its 11th straight year-over-year increase in quarterly profit as fewer bad loans and increased revenue helped drive results higher.

Bank of America (BAC), shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as losses in real estate narrowed and the company set aside less for bad loans.

PNC Financial Services (PNC), the seventh-largest U.S. commercial bank by deposits, said second-quarter profit declined 40 percent on costs tied to mortgage-putback demands.

PayPal announced July 17 that it has acquired financial technology start-up Card.io.

MADISON, Wis. – University of Wisconsin CU said it has agreed to build a new branch at the former Brennan’s Market site, the $1-billion credit union’s 13th branch in Dane County and 22nd in Wisconsin.

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Camco Financial (CAFI) in Cambridge, Ohio, is looking to raise up to $10 million through a common shares rights offering to existing shareholders.

Fulton Financial reported higher quarterly earnings despite a decline in net interest income.

The Florida bank is eager to add loans after raising $5 million to surpass capital requirements from a 2011 consent order. It did so at a time when capital raising is on the decline.