Retail & Commercial

Citigroup Inc., the world’s biggest credit-card lender, is facing rising costs from the misselling of so-called add-on card products in the U.K. and U.S.

Sen. Bob Corker, R-Tenn., said recent profits at Fannie Mae and Freddie Mac should go toward helping build a new mortgage finance system.

The Columbus, Ga., company has righted itself, is pursuing growth opportunities and looks forward to the day when it is strong enough to buy other banks again, CEO Kessel Stelling says.

A number of community banks took a hit when Silverton Bank failed in 2009, and that experience is making them cautious about sharing credits today.

NewDominion Bank in Charlotte, N.C., believes it is close to raising enough capital to shed a consent order.

A charge for losses from distressed banks weighed against the fourth-quarter earnings at First Citizens BancShares (FCNCA) in Raleigh, N.C.

An uptick in home loans helped First PacTrust Bancorp (BANC) narrow its losses in the fourth quarter.

Federal agencies have the authority and ability to raise minimum capital in a direct and meaningful way, outside of the Basel III process.

Iberiabank (IBKC) in Lafayette, La., has uncovered an accounting error that forced it to restate nearly three years of financial data.

Bob Braswell of Carolina Bank in Greensboro, N.C., gave the mayor and city council an earful after tiring of a bitter funding dispute.