Retail & Commercial

A diverse group of entrepreneurs is trying to solve a riddle that may hold the key to Bitcoin and other digital currency moving into the mainstream: how to insure accounts.

City National Corporation (CYN) of Beverly Hills, Calif., posted net income of $55.1 million for the fourth quarter, up 17% from the same quarter a year earlier.

The $214 million-asset First Federal said in a press release Thursday that it will pay about $4.3 million in stock for the $73.7 million-asset Alpena. The deal is expected to close in the second or third quarter.

Banks and credit unions are outperforming retailers in the war against credit card fraud, according to a new survey from Javelin Strategy & Research.

Discover Financial Services rode credit card loan growth in the fourth quarter to earnings of $602 million, an increase of nearly 12% over the same period in 2012.

Xenith Bankshares (XBKS) in Richmond, Va., disclosed that Malcolm McDonald will retire as chairman at the end of his current term.

Discover Financial Services (DFS) rode credit card loan growth in the fourth quarter to earnings of $602 million, an increase of nearly 12% over the same period in 2012.

Rockville Financial (RCBK) in Glastonbury, Conn., is beefing up its mortgage lending operation ahead of its pending merger with United Financial (UBNK) in Massachusetts.

Pulaski Financial (PULB) in St. Louis plans to take out a $10 million loan in order to redeem preferred stock shares issued to the Treasury Department under the Troubled Asset Relief Program.

In a letter to two trade groups, Assistant Attorney General Stuart Delery pledged to work to minimize collateral damage from the investigation.