Retail & Commercial

Members of the GOP-controlled House once again debated the impact — and potential pitfalls — of a section of the Dodd-Frank Act, with the subject du jour concerning so-called QM regulation.

FirstBank Holding in Lakewood, Colo., will close a dozen branches inside Colorado grocery stores.

First California Financial Group (FCAL) has reduced by 38% the number of shares it would pay to acquire Premier Service Bank in Riverside, Calif.

If the government could eliminate contract rights in this way, then it would be hard to imagine what contracts could not be set aside in the name of market efficiency.

When Bank of America Corp. sent letters to 60,000 struggling homeowners offering to slice an average $150,000 off their loans, the lender got an unusual response from most of them: silence.

The government has failed to publicly vet its use of auctions to dispose of its remaining Troubled Asset Relief Program holdings. That leaves too many questions unanswered about its exit plans.

Bank of America (BAC) has cut some jobs in its commercial banking division as it continues to slim down.

The Japanese credit card company JCB has begun operations in São Paulo, Brazil, under the name of JCB International do Brasil Representacão Comercial Ltda.

John Allison, the former chairman and CEO of BB&T, recently agreed to become the president and CEO of the Cato Institute, a leading libertarian think tank. He joins a growing list of former bank executives who are trying their hand at something totally unrelated to banking.

JCB International do Brasil Representacão Comercial Ltda. began operations in São Paulo, Brazil, on July 1, JCB International Co. Ltd., the international operations subsidiary of Japan-based JCB, announced July 11.