San Francisco-based Wells Fargo & Co. says it has launched a new service named Send & Receive Money that simplifies Wells Fargo customers' payments to other Wells Fargo and Bank of America customers through online and mobile banking using an email

The prolonged economic downturn has become the top worry for most wealthy investors, according to new research from Spectrem Group LLC.Four out of five millionaire investors participating in the study cited the sluggish economy as a concern in a

The market for mergers and acquisitions is clearly improving in terms of valuations, financing availability, and deal volume—and that market will continue to do so throughout 2012, a new survey indicates.The survey was conducted by MBA and

Key financial indicators for federally insured credit unions largely improved in the first quarter of 2012, according to Call Report data submitted to and compiled by the National Credit Union Administration."The credit union industry reached in

The American Bankers Association has added three banks to the ABA NASDAQ Community Bank Index (ABAQ), effective June 1. The new additions are HomeStreet Inc. (HMST), of Seattle; Wellesley Bancorp Inc. (WEBK), of Wellesley, Mass.; and Bank of the

Investors paid on average lower expense ratios in 2011 than in 2010 for long-term mutual funds, including equity, bond, and hybrid funds, says an annual report on fund fees and expenses that Investment Company Institute released in late April. is a

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported an aggregate profit of $35.3 billion in the first quarter of 2012, a $6.6 billion improvement from the $28.8 billion in net income the industry in the

Worldwide mobile payment transaction values will surpass $171.5 billion in 2012, a 62 percent increase from 2011 values of $105.9 billion, says Stamford, Conn.-based information-technology research and advisory company Gartner Inc.The number of