Retail & Commercial

State regulators in Georgia Friday closed the $259 million-asset Frontier Bank in LaGrange, the fourth institution to fail this year.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54.

Nationstar Mortgage Holdings was ordered to stop auctioning some home loans backing mortgage securities after an investor sued.

Christine Rush announced plans to retire as the $855 million-asset company's CFO on May 10, Old Line disclosed in a Friday filing with the Securities and Exchange Commission.

Bankers are bracing for the start of more severe anti-money laundering exams as regulators rework their standards and prepare to issue another round of guidance tackling the issue.

Firms have continued to plow money into bank deposits, but high liquidity ratios appear to be more a continuation of trends in place since the 1980s than a reaction to the financial crisis.

U.S. home prices probably will rise 8 percent this year, up from a previous estimate of a 4.7 percent increase, according to Bank of America.

If you thought bankers were happy when Barney Frank left, try 'em now that Sen. Carl Levin has decided to retire next year and relinquish his hold on the aptly named Permanent Subcommittee on Investigations.

Sen. Ron Wyden, D-Ore., is urging the Justice Department to investigate Lender Processing Services for double-billing of foreclosure-related legal fees.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54. Dan Charron, the executive vice president of client services, has assumed the role of acting head of the Dallas-based merchant acquirer subsidiary of JPMorgan Chase.