Banking

PNC Thursday became the first U.S. bank to join the Bank Infrastructure Architecture Network, a standards group that promotes the use of services-oriented architecture in banks.

Fees from residential refinancings propelled Sandy Spring Bancorp (SASR) in Olney, Md., in the first quarter.

BB&T announced Thursday that it earned $210 million in the first quarter, compared with $431 million a year earlier, as it took a $281 million charge related to a tax dispute with the Internal Revenue Service.

KeyCorp (KEY) posted double-digit growth in its commercial and industrial loan portfolio and its earnings rose in the first quarter.

But large banks have narrowed the gap as they have made a more concerted effort to better explain their fee structures to disgruntled customers.

Without any clear drive to consolidate, the mobile-wallet market will remain chaotic for merchants in the near-term. But from the consumer's perspective, it won't be chaotic at all.

In Russia, there's a large potential for U.S. payments providers willing to brave country's complex tech infrastructure and a national ID and payment card initiative that's still a work in progress.

ABERDEEN, Md. – APG FCU, formerly Aberdeen Proving Grounds FCU, will open two loan centers in Cecil County next month, in Elk Mills and Rising Sun.

Steve Antonakes, the No.2 at the Consumer Financial Protection Bureau, spent an hour with bankers on Wednesday attempting to ease concerns about impending mortgage rules and the examinations that will follow.

Astoria Financial (AF) in Lake Success, N.Y., boosted its quarterly profit nearly 40% by reining in costs.

U.S. Bancorp (USB) is about to add a service for Somali immigrants in the U.S.

For PayPal, mobile devices aren't just new instruments of payment. They are also a way to attract new active users.

As Google started releasing its wearable computing product Google Glass to developers, it had a message for banks and other would-be commercial users: You will be prohibited from distracting users with ads.

Umpqua Holdings (UMPQ) in Portland, Ore., missed its quarterly earnings expectations because of margin pressure.

American Express (AXP) on Wednesday reported earnings of $1.3 billion in the first quarter of the year, aided by aggressive cost-control efforts and by high repayment rates on its credit cards.

American Express Co. posted a first-quarter profit that exceeded analysts’ estimates as consumers increased their spending on its cards.

Fee income lifted first-quarter profits at Wintrust Financial (WTFC) in Rosemont, Ill.

Fifth Third Bancorp (FITB) will pay $16 million to settle long-standing charges that it misled investors about its financial condition on the eve of the mortgage meltdown.

Shore Bancshares (SHBI) in Easton, Md., has tapped a company veteran to become its chief executive.

Boston Private Financial Holdings (BPFH) plans to buy back all of the preferred stock held by its largest investor, the Carlyle Group, for approximately $70 million.