Banking

JPMorgan Chase and the Living Social website teamed up to honor 12 small businesses, including a garment maker for the medical industry.

Broadway Financial's (BYFC) woes continued as the Los Angeles company said that its financial results for 2011 and the first quarter of this year will have to be revised and could no longer be trusted.

Mobile check deposit for businesses is in development at Popular Community Bank.

PayPal's point of sale mobile payment system combines over half a decade of initiatives — and a few notable setbacks along the way.

Preferred Bank (PFBC) in Los Angeles has added the role of president to the responsibilities of its chief operating officer, Wellington Chen.

U.S. gasoline demand rose 1.9% last week as prices at the pump jumped to a 13-week high, according to data from MasterCard Inc.

American Express is most popular for mail-order purchases on the West Coast and in the Northeast; Discover is most popular in the Midwest. Litle & Co. learned these and other trends in an analysis of its processing data.

Bank of America has ceased selling all payment protection plans to credit card customers, killing off a business line targeted by regulators.

Fannie Mae told lenders that it's tightening some of its qualification standards for people buying homes or refinancing loans.

The five largest mortgage servicers are suddenly eager to provide relief to distressed homeowners, but after years refusing to modify loans or reduce principal, they are concerned that borrowers will ignore their solicitations.

Wells Fargo (WFC) said competition in the mortgage market is "essential" and that its control of 1 in 3 U.S. mortgages is the result of doing a better job than rivals.

Megabanks provide useful, all-in-one services to their big business customers, but corporate America has some reservations about them. Here's what bankers and corporate treasurers had to say about their complex relationships and whether big banks are necessary.

The firm, which offers personal financial management services for investors, is launching a new 401(k) fee analysis tool as a government mandated 401(k) disclosure deadline approaches.

PayPal's point of sale mobile payment system combines over half a decade of initiatives — and a few notable setbacks along the way.

First PacTrust Bancorp (BANC) has landed another deal and a co-chief executive.

Qualified nonbanks should be able to issue credit cards. This has only rarely been possible up to now – a situation that has warped the industry's structure, giving banks undeserved dominance.

PayPal will have its payments accepted throughout Discover's network, in a deal that increases the threat to traditional payments giants Visa and MasterCard.

Canada's banks, the most stable in the world, will probably post the lowest profit growth in two quarters as consumer lending eases and spending subsides ahead of a potential housing slowdown.

As a new partner for PayPal, an early partner for Isis and the first issuer to sign on to a new method of participating with Google Wallet, Discover Financial Services is establishing itself as a foundation for mobile payments initiatives.

PayPal next year will extend its reach through Discover Financial Services' network, enabling direct acceptance of the PayPal digital wallet at more than seven million U.S. merchants.