Retail & Commercial

Univest (UVSP) in Souderton, Pa., reported lower quarterly earnings because of higher expenses.

Political denial and cover-up are in the CFPB's DNA. The agency was predestined to be overbearing, which will only hurt borrowers in the long run.

Merchants in the British Virgin Islands will soon have a new mobile card reader available to accept card payments through their smartphones.

A.W. "Tom" Clausen, who led San Francisco-based Bank of America before and after serving as president of the World Bank, has died. He was 89.

Trustmark (TRMK) in Jackson, Miss., posted double-digit quarterly earnings growth because of increased mortgage-banking activity and higher fee income.

Better credit quality helped Bank of Commerce (BONC) in Charlotte, N.C., narrow its losses.

The No. 2 home lender will market the government's Home Affordable Refinancing Program to hundreds of thousands of customers acquired from MetLife. To speed closings, it's licensing Quicken Loans' technology.

BV Financial (BVFL) in Baltimore added profits in the company's fiscal second quarter.

Citigroup's private wealth management division has agreed to sell a trust bank subsidiary to Reliance Financial in Atlanta.

Management expressed frustration about expense control during a conference call to discuss quarterly earnings.