Retail & Commercial

A year and a half after reserve releases emerged as a saving grace for bank earnings, allowance reductions accelerated early this year and accounted for perhaps 14% of the industry’s net income.

Privatebancorp (PVTB) in Chicago is in no rush to boost its dividend, preferring instead to use any excess capital to grow earning assets and invest in new products.

The final price Grandpoint Capital would pay for National Bank of California depends on the seller's loan losses, expenses over two years and other contingencies.

Warren Buffett likes community newspapers and he likes big banks. So, why not community banks, too? Analysts discuss the pros and cons of Berkshire Hathaway investing in community banks.

Bankers fear enforcement action amid allegations that dealer rates vary by race.

PNC Financial Services Group (PNC) is setting aside an additional $350 million in second-quarter reserves to cover demands to repurchase bad mortgages, a 10-fold increase from the prior quarter.

Data broker Spokeo Inc., a firm that compiles and sells detailed information profiles on millions of consumers, will pay $800,000 to settle Federal Trade Commission charges that it marketed the profiles to companies without taking steps to protect consumers as required under the Fair Credit Reporting Act.

Grandpoint Capital announced late Monday that it is buying NCAL Bancorp, the holding company for the National Bank of California, a $341 million-asset bank with five branches in southern California.

To encourage cross-sales and improve customers' spending, PNC Financial Services Group has spent the past two years making its credit cards look like a seamless element of its Virtual Wallet account instead of a late addition.

PITTSBURGH – Century Heritage FCU, one of 19 local institutions sued by a legally blind consumer over the ATM provisions of the Americans with Disabilities Act, has agreed to upgrade its ATMs over the next three months to provide adequate access to the blind in exchange for dismissal of a class action suit.