Banking

Community Trust Bancorp (CTBI) in Pikeville, Ky., posted higher quarterly profit after increased fee revenue offset shrinkage in its loan portfolio.

Square has built its reputation as a quick and simple way for micro-merchants to accept card payments, but the company says it has proven it can serve the more demanding needs of larger retailers.

The $3.8 billion-asset bank said Wednesday that Robert O'Brien had previously worked at Landesbank Baden-Württemberg, where he led the German bank's public finance group.

Al Rajhi Bank is using portal software designed to provide a customizable view of banking data.

If a regulator overreaches its stautory authority, fails to adequately weigh costs against benefits or tries to hold the bank to arbitrary or capricious standards, you've got a case.

Shaun Donovan, secretary of the Department of Housing and Urban Development since the beginning of President Obama's first term, is planning to stay in his job through the second term.

DDoS attacks have resumed intermittently for BB&T in North Carolina.

WICHITA, Kan. – The Securities Industry and Financial Markets Association told the federal appeals court yesterday it will be filing a brief on behalf of several Wall Street banks that say NCUA waited too long to file billions of dollars in civil claims over mortgage-backed securities the banks sold to five failed corporate credit unions, as the stakes in the huge legal battle grow more apparent.

The new app gives users iPhone, Android access to bank accounts. CEO Steve Streit hopes it will also shake up the consumer banking market and rejuvenate his company's flagging image as an innovator.

Higher mortgage revenue and lower credit losses powered M&T Bank Corp. in the fourth quarter.

U.S. Bancorp (USB) said fourth-quarter profit rose 5.2 percent, meeting analysts' estimates, on lower loan-loss provisions.

Jamie Dimon got a 53.5% pay cut for 2012 after presiding over the London Whale's losses, but he will still bring home a $1.5 million salary and a $10 million deferred bonus.

MADISON, Wis. – Summit CU said this morning it has opened the first-of-its-kind “Inspiration Branch,” which will allow members to visualize their dreams and goals in 3-D.

The Google Chrome browser plugin from SmartyPig lets users follow an automated savings program as they shop online. The company plans to sell the service through banks.

United Community Financial in Youngstown, Ohio, has begun a $42 million capital raise.

JPMorgan Chase & Co. said fourth-quarter profit rose 53%, beating analysts' estimates as record low interest rates fueled mortgage lending.

Bank of New York Mellon Corp., the world's largest custody bank, said fourth-quarter earnings rose 23% as higher client assets boosted revenue.

Apple Inc. introduced installment payment plans for buyers of iPhones and MacBook laptops in China as it struggles to compete with low-cost devices in the world’s largest computer and mobile-phone market.

Thomas Candillier, the Paris-based head of European cash equity sales at JPMorgan Chase, has died at the age of 37.

The mega-retailers' Merchant Customer Exchange venture argues that the mobile-payment system it is developing will appeal to retailers in a way no other mobile wallet can. That’s leaving some companies divided on which mobile approach is best—MCX's focus on gaining retailer acceptance or the emphasis on consumer adoption championed by Isis and others.