Retail & Commercial

Crescent Financial's updated SEC filing removes previous discussion about how banking regulators "encouraged" its deal with VantageSouth.

The move should improve liquidity for the $1.3 billion-asset Chemung's shares, Ronald M. Bentley, Chemung's president and chief executive, said in a news release Wednesday.

Foreclosure filings ticked up in October compared with the previous month but continued to decline on an annual basis, underscoring the fitful nature of the housing recovery.

Capitol Bancorp (CBCRQ) has been fighting for survival for a few years now, but the next month might prove to be its toughest battle.

Former Amcore president Donald Wilson will become the chairman of Community Financial in Illinois as part of a recapitalization plan.

A lawsuit by an American man who sought to hold Arab Bank responsible for injuries he sustained in a sniper attack in Israel cannot go forward, a federal judge in Brooklyn has ruled.

With construction activity, sales, and home prices still well below pre-crisis levels, a revival of U.S. housing sector "still faces significant challenges and the benefits remain quite uneven," Fed Chairman Ben Bernanke said Thursday.

The National Advertising Division is charged with sorting fact from fiction in ads touting credit card rewards.

Al Landon, a former CEO of Bank of Hawaii, now spends a lot of his time advising institutions that neither make loans, nor seek to make a profit-the Smithsonian Institution and PBS. Teaching, running marathons and investing are also on his agenda.

Although rumors abound that reserves in the Federal Housing Administration's capital cushion may turn negative sometime next year, delinquencies on government-backed loans — including those in the 90-day plus category — fell in the third quarter, according to brand new figures released by the Mortgage Bankers Association.