Retail & Commercial

Each quarter banks report their worst-case estimates of costs tied to lawsuits and regulatory probes. Some banks reported lower figures in recent quarters, but others are braced to spend more to resolve legacy issues. New legal threats loom, too.

The telco-driven Isis mobile wallet will now be called Softcard, a name chosen to avoid confusion and association with a militant group in the Middle East that is often referred to as "ISIS."

First South Bancorp in Washington, N.C., has become the latest community bank to buy branches from Bank of America.

Mt. Washington Savings Bank in Cincinnati is planning to convert from a mutual savings and loan association to a company partly owned by public shareholders.

Comerica in Dallas has promoted Rhonda Davenport Johnson to national director of retail sales and service for its bank unit.

Cardinal Financial in Tysons Corner, Va., has agreed to buy a Virginia branch from Virginia Heritage Bank.

The Federal Housing Finance Agency issued a proposal Tuesday designed to exclude captive insurers from the Home Loan Bank system.

Home Depot Inc., the largest home- improvement chain, fell as much as 3.4 percent in New York trading after saying it was working with banks and law enforcement to investigate a possible data breach.

As concerns mount that Somali-Americans will lose their pipeline for sending money home, Washington's response has been marked by what critics see as secrecy, buck-passing and a lack of interagency coordination.

Home Depot is working with banks and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information.