Retail & Commercial

California Bank of Commerce in Lafayette, Calif., has hired a bank consultant as its president and chief executive.

The California business bank focuses on the technology sector, applying lessons learned from the dot-com bust of the 1990s.

Citigroup (NYSE:C) will pay $730 million to settle a lawsuit by investors who allege they were misled by the company's disclosures.

Columbia Banking System (COLB) in Tacoma, Wash., and West Coast Bancorp (WCBO) in Lake Oswego, Ore., announced late Monday that shareholders from both companies approved West Coast's planned sale to Columbia.

Community Financial Shares (CFIS) in Glen Ellyn, Ill., is extending its rights offering to boost shareholder participation.

A bill by Minnesota's Rep. Keith Ellison would cap the mortgage interest deduction at the first $500,000 of a home loan and use the anticipated savings to invest in low- and moderate-income housing.

WASHINGTON — The federal bank regulators on Monday proposed several revisions to their guidance for complying with Community Reinvestment Act regulations.

HSBC Holdings PLC, Europe’s largest bank, agreed to sell its Canadian store card unit to Toronto- Dominion Bank as it closes its consumer-finance business in the country.

Rents for single-family homes are rising slower than property prices as firms such as Blackstone Group flood the market with homes for lease, posing risks to investors betting billions on the burgeoning market.

HarborOne Credit Union in Brockton, Mass., is on its way to becoming a mutual savings bank.