Retail & Commercial

Federal Reserve Gov. Sarah Bloom Raskin warned Thursday that the government's tightening fiscal policies and a slow housing recovery will continue to restrain a U.S. economic recovery.

The Federal Deposit Insurance Corp. is seeking to recover $48 million from officers and directors of a Florida bank that collapsed in 2010 following heavy defaults on commercial real estate loans.

Mars National Bank near Pittsburgh has drafted a local boy-turned-major-leaguer, Neil Walker of the Pirates, as its pitchman.

Former Citigroup CEO Vikram Pandit has taken a stake in India's JM Financial Group, which also plans to name him chairman of a proposed new bank.

Republic First Bancorp (FRBK) in Philadelphia is continuing its push into southern New Jersey.

Customers Bancorp in Wyomissing, Pa., is bumping up the size of its stock sale by more than 20%

Capitol Bancorp is down three banks in the past week, but it could have been four. The company said in a regulatory filing on Wednesday that regulators attempted to seize a fourth bank on Friday, but a temporary injunction from a state court stopped it.

The latest monthly reports from credit card issuers provide more evidence that loss rates will stay abnormally low longer than thought just a few months ago.

Corporate payment company Wex has entered a partnership with travel services provider Grupo Transhotel to broaden travel payments services.

Regulators let Synovus acquire a failed bank — its first deal in four years — though it still owes Tarp $968 million. A surprising number of similar deals have occurred in recent years.