Retail & Commercial

The New York firm, formed 50 years ago, survived a tragic setback during the terrorist attacks of 2001.

The Treasury Department began to sell stakes it holds in seven banks that received bailout funds at the height of the financial crisis, continuing the slow process of winding down the Troubled Asset Relief Program.

The California company announced the opening of its first full-service U.K. branch a day after a key British official lamented in a column that European banks lack the capacity to help the nation's businesses grow.

Words like "oppressive" and "harsh" have been replace recently by terms like "fair" and "cooperative" in bankers' descriptions of how examiners are treating them. Thanks to go mostly to the improved condition of many institutions.

Georgetown Bancorp in Massachusetts has snagged two JPMorgan Chase (JPM) bankers for its mortgage origination team.

TriCo Bancshares (TCBK) of Chico, Calif., has named a former Countrywide Bank executive as its chief risk officer.

Continental Bank Holdings of Plymouth Meeting, Pa., has raised $16.5 million through a private placement.

Occupy protestors staged sit-ins at a foreclosed home in Minneapolis that resulted in 20 arrests. Problem is, the homeowners had vacated the property weeks before the protestors arrived.

In a rare do-over, members of Montana First CU are being asked again to approve the merger of the state's oldest credit union into Washington's Horizon CU in nearby Spokane Valley, a combination rejected by the membership in January.

A Utah-based debt collection agency has settled charges brought by the Federal Trade Commission that it exposed sensitive information on its computers and networks to security risks by failing to implement reasonable security measures.