Retail & Commercial

Pacific Mercantile Bank in Costa Mesa, Calif., announced four executive promotions Friday.

Texas has had a fair share of M&A since the financial crisis, but deal volume has declined since oil prices began to plummet in late 2014. Uncertainty over sellers' exposure and depressed stock prices for aspiring buyers are largely to blame.

Comcast Corp.’s NBCUniversal will replace advertising on some shows next week with content paid for by American Express Co., another sign of how programmers are testing new strategies as consumers become less tolerant of 30-second commercials.

The Federal Trade Commission, as a result of a federal court ruling, may attempt to collect up to $3.2 million from marketers who lied about their finances to the FTC when they agreed to settle deceptive advertising charges in 2014.

Capital One Financial in McLean, Va., has added Amazon's former chief information security officer to its board of directors.

The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.

PRA Group's fourth-quarter financial results reported Thursday showed drops in both revenue and income and mixed news for cash collections.

The former chief executive of a Georgia community bank that participated in the Troubled Asset Relief Program was sentenced to prison and fined $3.9 million for hiding the bank's past-due loans and committing other fraud.

Regulators’ focus on having banks and credit unions offer payday loan alternatives to underserved consumers overlooks the success of Web-based companies in filling credit gaps.

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