Retail & Commercial

A plan to sell a Dallas bank to an investor group through a bankruptcy auction could lead to big losses for groups that made investments at the height of the economic crisis.

Both the credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) and the average credit card debt per borrower dropped on a yearly basis in the third quarter ended September 30, according to credit reporting agency TransUnion.

WASHINGTON — Higher interest rates and elevated litigation expenses at one large bank last quarter led to the industry's first year-over-year earnings decline in more than four years.

Capital One Financial (COF) has a new chief of Canadian operations, Shane Holdaway.

Alliance Bancorp Inc. of Pennsylvania (ALLB) in Broomall will face a proxy challenge from activist investor PL Capital.

First Merchants (FRME) in Muncie, Ind., has exited the Small Business Lending Fund.

ViewPoint Financial (VPFG) in Plano, Texas, has agreed to buy LegacyTexas Group in Plano.

The Amazon Coins digital currency is now available for consumers in the U.K. and Germany to buy mobile applications and make in-app purchases on the Kindle Fire tablet and on Amazon.com Inc.'s regional app stores.

U.S. residential properties sold at an estimated annualized pace of 5,649,965, a 2% increase from the previous month and up 13% from October 2012, according to RealtyTrac.

The president and chief executive of Sun Bancorp (SNBC) in Vineland, N.J., is stepping down at the behest of the board.