Banking

First PacTrust in Los Angeles plans to become to Banc of California, effective July 16.

The Federal Trade Commission has settled with five companies charged in a joint law enforcement sweep last year that involved millions of illegal pre-recorded robocalls claiming to be from “Rachel” and “Cardholder Services” and pitching credit card interest rate reduction services.

First Bank in Hamilton, N.J., has agreed to buy Heritage Community Bank in Randolph.

MB Financial has agreed to buy Taylor Capital Group. The deal would create one of the largest banking companies in Chicago.

Future banking will feel more like a medical relationship, serving customers with the intimacy and attention of the family doctor. This will require a Hippocratic-oath level of trust.

What products and services will tomorrow's banks offer that truly add value and that customers will be willing, even happy, to pay for? We asked contributors to think big and broad.

Capital Services plans to begin offering its internally-used suite of payments, consumer and portfolio management tools to a broad market of financial players.

Citigroup Inc., the third-biggest U.S. bank by assets, posted a 42 percent increase in second-quarter profit that beat analysts' estimates as stock-trading revenue surged and losses on unwanted assets declined.

M&A, bank consolidation and marketing strategies are among the reasons why a number of banks have changed their names in recent months. Here are some notable examples from this year.

Payments and marketing are getting closer than ever, and several companies are blurring the line between where the payment ends and where the pitch begins.

WINSTON-SALEM, N.C. – Allegacy FCU will open a new office in a remodeled former Blockbuster Video building in Winston-Salem this morning.

LOS ANGELES – A federal court on Friday denied a request by NCUA to reconsider a March ruling dismissing the vast majority of $491 million of claims against Goldman Sachs for mortgage-backed securities the Wall Street bank sold to corporate credit union failures U.S. Central FCU and WesCorp FCU, the latest in a growing list of losses for NCUA’s corporate suits.

FBC Bancshares in Conroe, Texas, has raised $13 million in a debt offering.

Delays in foreclosures — and in reimbursements to banks — are buying the beleaguered Federal Housing Administration more time to build its cash reserves.

JPMorgan Chase's leaders on Friday rebuffed questions about the widespread problems in their credit card debt collections operations — and about what they are doing to fix them.

Republic Bancorp (RBCAA) of Louisville, Ky., hopes a deal for a small thrift owned by H&R Block will help it rebuild momentum it has lost in recent years.

Wells Fargo set another profit record in the second quarter, but analysts wonder how long the streak can continue.

Young companies showed well-thought-out, highly relevant products to a standing-room-only audience of bankers at the FinTech Innovation Lab this week in New York.

SunTrust Banks (STI) in Atlanta has enhanced its online offerings for institutional 401(k) customers with a new tool designed to help employees plan for retirement.

The largest U.S. bank's forecast of a steep decline in mortgage volume and continued regulatory uncertainty raised alarm bells about the whole industry. Possible growth in credit cards offered a ray of hope.