Banking

An idea contest led First National Bank of South Africa to introduce a highly successful fuel rewards card. That's just the beginning.

American International Group (AIG), which stands to join a list of financial institutions deemed too big to fail, may be looking to unload its thrift unit.

Investors Bancorp (ISBC) will cut 31 jobs at Marathon National Bank of New York, about a month after it completed its acquisition of the formerly Greek-owned bank.

The terms 'unbanked' and 'underbanked' perpetuate the erroneous notion that everyone needs a bank account and inhibit discussion of better ways to serve the financial needs of non-traditional consumers.

Sun Bancorp in Vineland, N.J., has lured a veteran financial executive from Customers Bancorp in Wyomissing, Pa., hiring Thomas R. Brugger as the CFO of its Sun National Bank subsidiary.

Fred Rowden, the chief executive of 1st Capital Bank in Monterey, Calif., has died.

Yaron Samid, founder and CEO of BillGuard, shares his company's intention of building a database of all deceptive billing practices and hidden charges, to be shared by banks, the CFPB, and other constituents.

Comparable store growth is the core of any great retailer. If you cannot grow your existing stores, you do not deserve to expand.

Consumers will be able to use their mobile phones to complete EMV-compliant mobile payments for online transactions if MasterCard Inc.’s current testing with ING Group employees in the Netherlands expands.

Recently launched Shpock wants to facilitate the buying and selling of products listed online, but the system was designed to deliberately omit payments from the process.

There is no single definition of a “mobile wallet.” Each product differs vastly in its choice of technology, audience and the basic type of payment upon which it was built — but most fit into a few simple categories.

Banks shouldn't go to extremes to make up for declining earnings, Comptroller of the Currency Thomas Curry said Friday.

The board of 1st Mariner Bancorp has withdrawn from a long delayed securities purchase agreement with a New York investment firm that would have injected badly needed capital into the Baltimore company.

First Citizens BancShares (FCNCA) in Raleigh, N.C., postedlower third-quarter profit from the same period last yearafter recording a gain from an acquisition.

Strike Debt, a movement that emerged from the Occupy Wall Street movement, announced plans Friday to stage a variety show and telethon to raise money to buy and cancel consumer debt.

The ruling was quickly hailed by financial institutions, but panned by one of the nation’s largest retail trade groups.

A federal judge granted preliminary approval Friday to the proposed settlement of a massive lawsuit brought by retailers against Visa, MasterCard and banks that issue their cards.

CVB Financial in Ontario, Calif., announced Friday that co-founder John Borba would retire from its board on Nov. 30.

Small banks won a critical battle Friday as regulators agreed to indefinitely delay implementation of Basel III until various issues with a proposal can be resolved.

The looming fiscal cliff has spurred Southside Bancshares of Tyler, Tex., to pay out more of its profits to shareholders.