Retail & Commercial

Credit unions have found another way around the federal cap on business lending. Bankers are livid.

Pacific Mercantile Bancorp in Costa Mesa, Calif., will exit the wholesale mortgage business.

Sandler O'Neill & Partners LP, the 24-year-old investment bank that focuses on financial clients, fired about 20 people in units including trading and deal advisory, said people with direct knowledge of the decisions.

Regulators currently entrusted with the task of policing Wall Street are facing a well-funded, well-connected and politically shrewd beast.

Julius Baer Group Ltd., the Swiss money manager established in 1890, agreed to pay about 860 million Swiss francs ($880 million) for Bank of America Corp.'s Merrill Lynch wealth management business outside the U.S.

SAGINAW, Mich. – United Financial CU is breaking ground next week on a 15,000-foot expansion of its offices.

BELLEVUE, Neb. -- SAC FCU broke ground last week on a $20 million, four-story headquarters it is building in Papillion just east of Shadow Lake Towne Center.

First Financial Northwest (FFNW), a company under fire from activist shareholders and regulators, will replace the chief executive of its banking unit next month and has made another important management change.

Bank of America's (BAC) vice chairman and a former chief financial officer will retire next month.

First National Community Bancorp (FNCB) has finally caught up on its financial reports for 2011 — now on to 2012.