Retail & Commercial

State and federal banking regulators encouraged the merger deal between Crescent State Bank and VantageSouth for safety and soundness and other reasons, a proxy filing says.

A new service from Citi will scour the Web during the weeks after a customer makes a credit-card purchase — and provide a refund if it finds a price that's at least $25 lower.

The agency's annual independent actuarial report is expected to show that its capital reserves have been depleted by rising levels of defaults. FHA could shore up its finances by increasing its enforcement against banks and other lenders, but it may also need to tap the Treasury for the first time in its history.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.

Bank of America Corp.'s commercial customers are already reacting to the "fiscal cliff" that looms over the U.S. budget by putting off purchases, Chief Executive Officer Brian T. Moynihan said.

Companies that are proactive about intentionally harvesting as many diverse viewpoints as possible can inherently derive innovation out of inclusion.

Great Southern Bancorp in Springfield, Mo., is bucking an industry trend toward fee-based lines of business in agreeing to sell its insurance and travel units.

Visa Inc. continues to bolster its V.me digital wallet service, announcing that 50 more banks and credit unions will adopt the service.

First York Ban Corp in York, Neb., has agreed to acquire Glenvil Cooperative Credit Union, in a rare acquisition of a credit union by a bank.

CIT Group (CIT) in Livingston, N.J., has launched a unit that will originate and underwrite financing for seafaring vessels.