Retail & Commercial

The executive carousel keeps turning among Korean-American banks. BBCN Bancorp in Los Angeles has hired Daniel Kim as its chief planning officer. Kim is CFO and acting president at Saehan Bancorp, which is in the process of selling itself.

Some banks have been successful in serving a client base that ranges from mom-and-pop operations to multinational conglomerates, but the most profitable and efficient ones tend to have more targeted strategies, according to a new report from McKinsey & Co.

The former chief executive and chairman of Bank of the Commonwealth in Norfolk, Va., has been sentenced to 23 years in federal prison for spearheading a fraud scheme that led to the failure of the bank.

Bank of America Corp. is negotiating with the Consumer Financial Protection Bureau to settle allegations it deceived customers in the sales of credit-card add-on products.

George Pelose will step down during the first quarte, the $673 million-asset company said Wednesday.

The debt collection industry is gearing up for a major shake-up as the Consumer Financial Protection Bureau looks to revamp rules that will likely cover every player in the market, from first-person creditors down to the buyers of others' debts.

Flagstar Bancorp (FBC) in Troy, Mich., has agreed to pay Fannie Mae $93.5 million to resolve repurchase claims on mortgages it sold to Fannie that later soured.

PwC Banking & Capital Markets Advisory Co-Leader, Dave Hoffman, explains how financial institutions can best serve the mass affluent market.

Middle-market and corporate chief financial officers are approaching risk management with a fresh bounce in their step, according to a new survey from TD Bank.

Bank of America Corp. is negotiating with the Consumer Financial Protection Bureau to settle allegations it deceived customers in the sales of credit-card add-on products, according to two people briefed on the talks.