Banking

JPMorgan Chase, reporting a 31% increase in its second-quarter net income driven by investment banking, also reported that its credit-card business is stabilizing.

Eliot Spitzer wants to return to New York politics, and says he's gunning for the dual chairman/CEO roles at banks including JPMorgan Chase. CEO Jamie Dimon and others responded diplomatically on Friday.

A new survey of risk managers in financial services points to stability in the auto finance sector ahead of other lending categories.

Bitcoin exchange Coinbase will offer instant purchases for users that supply identity information, with others having to wait four days for transactions to complete.

The Swiss company said SocialComply is designed to help banks participate on social media channels.

Great Southern Bancorp in Springfield, Mo., is closing 11 branches in a bid to cut costs.

Profits rose at Webster Financial in Waterbury, Conn., on strong fee income and cost controls.

Wells Fargo (WFC), the largest U.S. home lender, said second-quarter profit climbed 19 percent as the company clamped down on expenses.

JPMorgan Chase (JPM), the largest U.S. bank by assets, reported a 31 percent increase in second- quarter profit that beat analysts' estimates as revenue from trading stocks and bonds climbed.

With the summer driving season in full swing, Shell Oil Products U.S. is attempting to boost the appeal of its branded payment cards.

ARVADA, Colo. – Sooper CU will break ground next week on a 4,000-square-foot branch here that will allow the credit union to remodel the existing branch to better serve as its corporate office.

RICHLAND, Wash. – Gesa Credit Union has begun construction on two branches, one to replace an existing facility in Pasco, the other a new service center in Richland.

Taylor Capital Group (TAYC) in Chicago plans to retire one-quarter of its Troubled Asset Relief Program stock that the Treasury Department auctioned to private investors last June.

Senate Majority Leader Harry Reid is weighing whether to change Senate filibuster rules if Republicans do not allow a vote on the nominations of Richard Cordray to the CFPB and six other Obama administration appointees.

Independent Bank (INDB) in Rockland, Mass., reported a jump in second-quarter profit as interest revenue and fee income rose.

Republic Bancorp (RBCAA) is increasing its stake in the tax refund services business by buying the banking operations of H&R Block (HRB).

House Republicans unveiled plans to unwind Fannie Mae and Freddie Mac that would largely remove the government from the housing market and restructure the FHA.

One surprising fact that emerged from today's FinTech Innovation Lab "Demo Day" today at Credit Suisse's New York City headquarters was that investment in early stage New York financial technology companies is skyrocketing.

The Federal Reserve Board has terminated a regulatory order with Waterstone Financial in Wauwatosa, Wis.

Rocky Wirtz's championship NHL team, the Chicago Blackhawks, gets more press than his community banks, but they make more money.