Making good on its promise to bulk up in asset management, City National Bank (CYN) in Los Angeles announced Wednesday that it is buying Rochdale Investment Management in New York and combining it with its asset management subsidiary.

When most major banks reach the end of the road in their efforts to collect on defaulted credit card accounts, they often sell rights to the soured loans to debt collectors for pennies on the dollar. Those pennies can add up to tens of millions in dollars in revenue for a large card issuer, but American Express (AXP) and USAA have long left that money on the table.

DBA International, an asssociation representing the debt buying industry, has selected the members of its Debt Buyer Certification Task Force and the group held its first meeting last week.

EverBank Financial finally set a price for a planned $225 million capital raise after sitting on its initial public offering for half a year.

Roberto Herencia, chairman of First Bancorp in Puerto Rico and an ex-CEO of Banco Popular North America, is the investment group's leader.

Zions Bancorporation's (ZION) repayment of half of its funds from the Troubled Asset Relief Program tamped down earnings in the first quarter, but its core results still handily beat expectations.

The executives of United Western Bank filed a motion for summary judgment that also spares no criticism of how the OTS handled the Denver thrift's failure in early 2011. The motion claims that the now-defunct regulator closed the thrift despite evidence that management had just raised $200 million in life-saving capital.

A coalition of activists, clergymen, union advocates and residents from across the country is planning to hold a large demonstration at the Wells Fargo annual meeting on Tuesday.

Buyers and sellers still cannot agree on price, the heads of six acquisition-minded banks said in first-quarter earnings calls.

A number of banks are asking shareholders to convert preferred shares to common stock to lift tangible common equity ratios.

Shareholders of SunTrust, BB&T and PNC will vote on say on pay, quiz executives on future plans.

Just days after telling investors and analysts that it is eyeing acquisitions of banks or asset management firms, City National Bank in Los Angeles has announced that it is buying...an equipment leasing company.

Federal regulators ended a three-week hiatus by shuttering a small New Jersey thrift on Friday.

Republic Bancorp booked a $28 million bargain purchase gain on its purchase of the failed Tennessee Commerce Bank. The company is now looking for other deals as it searches for ways to augment revenues it will lose from ending a controversial tax.

Capital One and American Express posted strong gains in the first quarter. But they will need to keep an eye on cost containment to keep that momentum going.

Revolving credit lines hit their lowest point in two years in the first quarter. The decline underscored that competing forms of financing have become more affordable.

Glacier Bancorp (GBCI) in Kalispell, Mont., is off to a strong start in 2012 and its chief executive is optimistic that its performance will only improve as the company streamlines its operating structure and continues to shed problem assets.

Capital One Financial Corp. set aside an additional $75 million in its reserve in the first quarter, saying some of its salespeople did not adhere to its practices in trying to sell additional products to credit card customers.

City National (CYN) in Los Angeles is eyeing acquisitions of both banks and asset management firms and its chief executive has no preference for one over the other.

Capital One Financial Corp.'s (COF) first-quarter profit rose 38% as an acquisition-related bargain purchase gain boosted the bank's bottom-line results and net charge-offs improved.