Banking

Matt Wagner, the persistent CEO of PacWest in L.A., reaches a deal to buy First California six months after reporting that the Westlake Village, Calif., company spurned his initial overture.

Huntington Bankshares (HBAN) has snagged a veteran executive from RBS Citizens Financial Group to head its operations in the Pittsburgh area.

Business activity in the banking sector improved significantly in September, rising for the fourth consecutive month, according to industry executives surveyed for American Banker's latest Index of Banking Activity.

Wells Fargo (WFC) is expanding to serve corporate customers on both sides of the U.S.-Canadian border.

The Federal Reserve Board has ended a written agreement with Boscobel Bancorp that required the Wisconsin company to serve as a source of strength for its Community First Bank.

PNC announced Tuesday that it has hired Steve Van Wyk to be its head of operations and technology. Van Wyk had been the global chief operating officer at ING since 2007.

Wells Fargo, which agreed to refinance mortgages after a probe of the industry's practices, may forgo as much as $2 billion in interest, $300 million more than previously estimated.

Most of a lawsuit that accuses JPMorgan Chase (JPM) of misleading mortgage investors before the meltdown may advance, a federal judge in Manhattan has decided.

U.S. home prices retreated slightly in September as distressed sales and seasonal shifts dragged down prices.

The cash-machine operators fear that proposed settlement between merchants and the two leading card networks could imperil their own lawsuit against Visa and MasterCard.

Payments provider Elavon will use Ingenico's new Telium2 series countertop and wireless terminals for its customers in the U.S. and Puerto Rico.

Complex rules can be bent to special interests, and invite gaming and unfairness. An example is the exclusion of credit cards that don't impose "finance charges" from a great many requirements.

Although the Federal Deposit Insurance Corp.'s yearlong study of challenges and opportunities for community banks is expected to yield a final report next month, the agency will release an update on some of its findings this week.

Community banks are geared up to spend more on technology next year, according to a study conducted in September by U.S. audit and advisory firm KPMG.

Despite losing out in the auction of ResCap, Nationstar says it's got plenty of acquisition opportunities in front of it.

As Capital One demonstrates, establishing yourself in a growth market like Louisiana can mean providing the crying towel after a big loss on football Saturday.

DENVER – A federal appeals court agreed this morning to hear an appeal by RBS Securities and Wells Fargo’s Wachovia Capital Markets on whether NCUA filed suit against the Wall Street banks too late to satisfy the statute of limitations on securities claims for the failure of the five corporate credit unions.

Facebook's latest update to its mobile app is meant to allow the social network's users to purchase physical goods as gifts from within the app.

Regions Financial is the latest banking company to offer specialized services for military personnel and veterans.

VeriFone, a San Jose terminal maker, has announced a contract with a Polish cab company.