Retail & Commercial

JPMorgan Chase & Co. (JPM) is being investigated over potential power-market manipulation that inflated payments for electricity, according to the U.S. Federal Energy Regulatory Commission.

In a recent survey conducted by the American Customer Satisfaction Index, only one bank — Bank of America (BAC) — was ranked among the top 15 most-hated companies and, for the second straight year, no banks ranked among the top 10.

Collection agency DP and Associates has agreed with the West Virginia attorney general's office to return $1.7 million in refunds and cancelled debts to consumers in the state, West Virginia officials announced Tuesday.

Citigroup Inc., the third-biggest U.S. bank by assets, moved investor-relations chief John Andrews to a new position where he will deliver market information and "rapid insight" to the firm's top clients.

Indecomm Global Services has opened a new mortgage lending and servicing outsourcing facility in Charlotte.

Retailing giant Wal-Mart may be pulling American Express prepaid cards from its shelves due to poor sales, according to an analyst report from Jefferies & Co.

Retailing giant Wal-Mart may be pulling American Express prepaid cards from its shelves due to poor sales, according to an analyst report from Jefferies & Co.

Still holding stakes in some 325 banks, the Treasury is expected to accept bigger discounts as it works to unwind the bailout-era program.

Growth in commercial and industrial loans fell to the slowest pace in a year during the period, according to preliminary data. But the increase was still healthy enough to offset contractions in other loan categories, and help drive an expansion in balance sheets.

Private-label credit card portfolios haven't looked so healthy in years, at least in terms of credit quality.