Retail & Commercial

Some lawmakers are seething at the huge pay package handed out to a former CEO of Liberty Mutual Insurance. Their response has been to introduce new proposals on pay for mutual insurers, which could eventually apply to other financial institutions.

Banks are benefitting from a surge in second-quarter loan growth, driven almost exclusively by a jump in home mortgage lending.

Lafayette, La., and Washington are over 1,000 miles apart, but Rusty Cloutier, the founder and chief executive of MidSouth Bancorp, keeps the nation's capital top of mind.

First Bancshares of Kansas City, Kan., agreed to sell a controlling stake to an investment group led by David Spehar, the former chief executive of another Kansas City community bank.

Mortgage delinquencies on multifamily homes continued to rise in April, while single-family home delinquencies were flat, according a monthly report from Freddie Mac (FMCC).

Broadway Financial of Los Angeles said it had received a warning letter about its failure to meet listing requirements. It has not yet filed its first-quarter results with the Securities and Exchange Commission.

The Renton, Wash., company has yet to announce the results of Thursday's vote, but an activist investor believes his group has won and warns that First Financial could challenge the outcome. Stilwell is attempting to oust Victor Karpiak, the company's chairman and CEO.

Consumers are being more cautious in their use of credit cards — accounts are growing, and overall their balances are down 28% from their peak in January 2009, according to a new report from Equifax.

Los Angeles firm Litigation Compliance Law Center shows how attorneys and mortgage brokers are working to get around the sprit, if not the intent, of regulations designed to protect troubled homeowners.

KENNEWICK, Wash. – Motorists entering this southeastern Washington city were greeted yesterday by a giant LED display that now wraps around two sides of the iconic “flashcube” building which was renovated recently by HAPO Community CU to house its headquarters and branch.