Retail & Commercial

First PacTrust in Los Angeles plans to become to Banc of California, effective July 16.

The Federal Trade Commission has settled with five companies charged in a joint law enforcement sweep last year that involved millions of illegal pre-recorded robocalls claiming to be from “Rachel” and “Cardholder Services” and pitching credit card interest rate reduction services.

First Bank in Hamilton, N.J., has agreed to buy Heritage Community Bank in Randolph.

MB Financial has agreed to buy Taylor Capital Group. The deal would create one of the largest banking companies in Chicago.

Future banking will feel more like a medical relationship, serving customers with the intimacy and attention of the family doctor. This will require a Hippocratic-oath level of trust.

What products and services will tomorrow's banks offer that truly add value and that customers will be willing, even happy, to pay for? We asked contributors to think big and broad.

Capital Services plans to begin offering its internally-used suite of payments, consumer and portfolio management tools to a broad market of financial players.

Citigroup Inc., the third-biggest U.S. bank by assets, posted a 42 percent increase in second-quarter profit that beat analysts' estimates as stock-trading revenue surged and losses on unwanted assets declined.

M&A, bank consolidation and marketing strategies are among the reasons why a number of banks have changed their names in recent months. Here are some notable examples from this year.

Payments and marketing are getting closer than ever, and several companies are blurring the line between where the payment ends and where the pitch begins.