Retail & Commercial

Financial institutions that can figure out how to couple an efficient and optimized loan process with personalized service will win in the future.

Coinmkt, a digital currency exchange based in Los Angeles, has opened an account with E-Trade to allow users to deposit U.S. dollars into the exchange as wire transfers from U.S. bank accounts.

Barkocy, research director of Mendon Capital Advisors, salutes his mentors and confesses a soft spot for small banks as he prepares to wrap up a career that lasted nearly five decades.

PacWest Bancorp (PACW) of Los Angeles reported a steep decline in quarterly earnings after it took a large charge tied to stock awards.

National Penn Bancshares (NPBC) in Boyertown, Pa., will close nine branches as it looks to cut costs.

Alemany, who stepped down as head of RBS Citizens Financial Group in October, will serve as a director and audit committee member at business lender CIT Group.

Purchases of previously owned homes climbed in December for the first time in five months as job gains and healthier household balance sheets helped Americans adjust to higher mortgage rates.

Citigroup, which cut unwanted assets 25% last year, should no longer be expected to offer clients unlimited financial services, Chief Executive Officer Michael Corbat said.

BankUnited (BKU) in Miami Lakes, Fla., reported quarterly earnings that were in line with Wall Street expectations.

California's plan to halt payday loan services owned by Indian tribes was dealt a setback this week after a state appeals court ruled tribal sovereign immunity stands in the way.