Retail & Commercial

JPMorgan Chase will stop charging customers overdraft fees for transactions under $5, as part of its efforts to settle a class-action lawsuit about its overdraft practices.

The Treasury Department has sent letters to 200 remaining Tarp banks indicating that the agency may auction its stakes as parts of pools this fall. While the move removes the government from the banks, it presents new challenges, particularly for recapitalizations.

Saratoga National Bank and Trust in Saratoga Springs, N.Y., has announced its succession plan for when its current chief executive and president, Raymond F. O’Conor, steps down at the end of the year.

Fraudsters are taking their attacks on banks and payment companies to alarming new levels using automation and cloud-based servers, according to a new report from Guardian Analytics and McAfee.

Consumers weary of shuffling through various credit cards to get the best rewards could get relief from a new service that automates the selection of the proper card.

The company's fixed network fee penalizes merchants that route debit transactions to any competing network, and subverts the competition that the Durbin amendment was designed to foster.

PNC Financial Services Group (PNC) has agreed to pay $90 million to settle a class-action lawsuit relating to its overdraft protection practices.

The Federal Reserve Board has issued enforcement orders against two community bank holding companies requiring them to serve as sources of strength for their struggling bank subsidiaries.

John Allison's new book will examine the causes of the 2008 financial crisis and argue against excessive bank regulation. The announcement comes a day after Allison was tapped to lead the Cato Institute, a libertarian think tank.

A small Chicago bank that is largely owned by the members of an area church has warned that it could fail if it does not raise additional capital.