Retail & Commercial

First California Financial Group faces investor pressure to sell and an unsolicited bid from PacWest Bancorp. Yet it danced around its vulnerable M&A status in a proxy filing on its deal to buy Premier Service Bank.

Wall Street may have lost a lot of high-paying jobs following the economic crisis, but the New York region remains the place to be for bankers and financial executives seeking the big bucks.

The agency discusses recent steps by financial institutions to participate in healthy-food investment cooperatives, and says lenders could earn Community Reinvestment Act credit for spurring such activities in areas that need it.

A discount title insurer has secured backing from an international reinsurer for its bid to start an industry price fight.

Bank of America Corp., the second-largest U.S. bank by assets, named four new directors including former Deloitte LLP Chairman Sharon Allen and BAE Systems Inc. chief Linda Hudson.

It was inevitable that Gen X consumers would overtake Baby Boomers as the generation most often using credit cards. But their habits may leave card brands unsure of how to develop products for even younger consumers in the future.

Fair Isaac spotted a spike in U.S. credit card fraud taking place online, by mail and over the telephone.

Mutual holding companies appear to be fleeing the format and converting to stock companies, but Northeast Community CEO Kenneth Martinek remains a staunch supporter of the model. That may be partly because he's being sued by an activist investor who is pushing him to convert Northeast to a stock company from an MHC.

Sophia Haliotis will be a senior vice president for Popular Community, the U.S. unit of the $36.3 billion-asset Popular in San Juan, Puerto Rico, and guide its expansion of commercial banking in the New York City region.

Securitized credit card charge-offs in July rose from the previous month, but the jump was due to one-time factors. Charge-offs should resume their downward trend this month and reach about 4% by the end of the year, according to Moody's Investor Service.