Retail & Commercial

Pennant Management, which says it bought $179 million in bogus USDA-backed loans, claims the agency put up barriers to verifying the loans that indirectly enabled the alleged fraud.

BB&T completed more than 100 acquisitions under now-retired Chief Executive John A. Allison. In an excerpt from his latest book, Allison discusses his reasoning for M&A, while providing a blueprint for scouting targets. This is part 1 of 5.

DBA International has announced the addition of Helen Mac Murray as its attorney general consultant and Perry Communications Group Inc. as its new public affairs agency.

CVB Financial in Ontario, Calif., will have a new chairman starting Jan. 1.

Consumer borrowing jumped to $3.28 trillion in September, up approximately $15.9 billion, according to the Federal Reserve’s monthly report on auto and student loans and credit card debt.

Connecticut and New York are the only states to have established institutions specifically called green banks to stimulate lending on clean energy projects, but others could soon join them following the election of green bank-friendly governors in nine states.

Debt buyer PRA Group on Monday reported third quarter net income increased 8% to $51.2 million on cash collections of $372.7 million, a 28% jump. Revenue in the quarter rose 21% compared to a year ago to $239 million.

New York's top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world's largest financial institutions, will probably step down next year to take a job in the private sector, said a person familiar with the matter.

Nacha CEO Janet Estep discusses how her organization polices bad actors on the automated clearing house network, why it doesn't single out specific merchant categories as risky, and how nudging the industry toward "push" payments will help.

Banc of California has completed its acquisition of the Southern California branch network of Popular Community Bank.