Credit

With rivals such as Chase and its Sapphire Reserve card angling for a piece of its luxurious patch, Amex has found itself on the defensive.

Its reputation tarnished by revelations that employees opened roughly 2 million phony accounts in order to meet sales targets, Wells Fargo last month suffered a steep decline in new retail checking accounts and credit card applications.

Small businesses often need a short-term cash infusion to make purchases and pay bills due immediately, but the paperwork, timing and fees surrounding short-term loans can be prohibitive.

It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.

Arguably the biggest shift was that of Avid Modjtabai, the head of consumer lending, who has been named chief of the new payments group focused on digital and online offerings, investments in research and development and strategic partnerships.

U.S. Bank’s Voyager Network enables fleet managers to track and control commercial fuel purchases, and now the platform also provides key fuel and vehicle usage data from fill-ups at private, unattended fueling sites.

Capital One Financial plans to start issuing credit cards for the outdoor equipment chain Cabela's under a deal connected with the retailer's expected sale to Bass Pro Shops.

Germany-based financial powerhouses Wirecard Group and Commerzbank have teamed up to launch a new financing service enabling online merchants to receive immediate credit for e-commerce sales, rather than waiting days or weeks for transactions to clear.

Wells Fargo is saying so long to product sales goals for retail bankers, and the industry may never be the same.

The revelation that Wells Fargo employees were opening accounts for customers without their consent is sparking doubt about the accuracy of the reported growth in the credit card business. The scandal also casts in a harsh new light Wells’ strategy of building a large credit-card operation through its branch network.