Retail & Commercial

PacWest Bancorp in Los Angeles said its October acquisition of the tech-focused lender Square 1 helped its fourth-quarter profit rise 1.2% from a year earlier to $71.8 million.

Ocwen Financial Corp. will pay $2 million to settle charges that it misstated its financial results in valuing complex mortgage assets, the Securities and Exchange Commission said this week.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

Reeling from the loss of the Costco account and other setbacks in 2015, American Express is looking to the future the same way any investor might — banking on the diversification of its portfolio to slowly climb back.

Western Alliance Bancorp. in Phoenix reported higher fourth-quarter profit on higher commercial and construction lending and improved fee income.

A service that used to be a no-brainer for banks is now hampered by limited revenue and a hard-to-justify cost structure.

A Florida campus of a for-profit college chain used deceptive practices that coerced students into racking up huge debt, according to a newly unsealed whistleblower lawsuit.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

JPMorgan Chase & Co. boosted Jamie Dimon's pay 35 percent, tying most of the package to future performance after a record share of investors rejected the bank's compensation practices last year.

Data on consumer borrowing and debt released by S&P Dow Jones Indices and Experian show consumer credit default rates stabilized in December.