Retail & Commercial

WINSTON-SALEM, N.C. – Allegacy FCU will open a new office in a remodeled former Blockbuster Video building in Winston-Salem this morning.

FBC Bancshares in Conroe, Texas, has raised $13 million in a debt offering.

Delays in foreclosures — and in reimbursements to banks — are buying the beleaguered Federal Housing Administration more time to build its cash reserves.

JPMorgan Chase's leaders on Friday rebuffed questions about the widespread problems in their credit card debt collections operations — and about what they are doing to fix them.

Republic Bancorp (RBCAA) of Louisville, Ky., hopes a deal for a small thrift owned by H&R Block will help it rebuild momentum it has lost in recent years.

Wells Fargo set another profit record in the second quarter, but analysts wonder how long the streak can continue.

The largest U.S. bank's forecast of a steep decline in mortgage volume and continued regulatory uncertainty raised alarm bells about the whole industry. Possible growth in credit cards offered a ray of hope.

JPMorgan Chase, reporting a 31% increase in its second-quarter net income driven by investment banking, also reported that its credit-card business is stabilizing.

Eliot Spitzer wants to return to New York politics, and says he's gunning for the dual chairman/CEO roles at banks including JPMorgan Chase. CEO Jamie Dimon and others responded diplomatically on Friday.

A new survey of risk managers in financial services points to stability in the auto finance sector ahead of other lending categories.