Retail & Commercial

Louisiana's efforts to create a central collections office to pursue more than $1 billion in debts owed to the state government could take several years to complete, officials said.

Banks at risk of failure fell for the 11th straight quarter to nearly half the high mark of March 2011, according to the Federal Deposit Insurance Corp.

American Express Co. is seeking to broaden its customer base by offering its first no-fee credit product that grants holders access to all of the lender’s rewards programs.

Excavators have begun tearing down 1,500 dilapidated homes in Flint, Mich., in an attempt to lift the housing market. The funding for the work comes from a surprising source — the Hardest Hit Fund of the Troubled Asset Relief Program.

American Express is seeking to broaden its customer base by offering its first no-fee credit product that grants holders access to all of the lender's rewards programs.

Payments played a major role in the 2014 Mobile World Congress in Barcelona. Here are some of the biggest announcements that came out during the conference, and a few from just before or afterwards that were no less important to the mobile payments community.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.

Evidence of fraud at Citigroup's Mexican unit may be endangering its reputational recovery from the financial crisis, and has prompted unusually blunt, and angry, public language from CEO Michael Corbat.

The Office of the Comptroller of the Currency has approved Horizon Bancorp's (HBNC) request to acquire SCB Bancorp of East Lasting, Mich., and its subsidiary, Summit Community Bank.

Union Bank in San Francisco and its Japanese parent company plan a series of changes to its corporate names and structure, all in response to the Federal Reserve Board's plan to overhaul the way it supervises foreign banks.