Retail & Commercial

WASHINGTON — State regulators closed First Commercial Bank in Bloomington, Minn., late Friday in the industry's 41st failure this year.

Ralph Babb, the chief executive of Comerica in Dallas, tells a research analyst the company may consider in-market and out-of-market deals — its first since taking over Sterling Bancshares last year.

Regulators lifted an enforcement action against Anchor Bank in Lacey, Wash., and replaced it with a softer one.

Investors and analysts cheered SunTrust's decision to boost reserves for Fannie and Freddie repurchases, prompting speculation that other lenders could follow suit.

Discover is pushing aggressively to be at the heart of many mobile-payments initiatives. It's doing a lot that its rivals are not — but there are a few ways it might lose ground.

Mortgage Resolution Partners, the firm pushing municipalities to seize loans for borrowers owing more than their homes' values, said it would expand its proposed program to include delinquent and defaulted debt.

William E. Griffin, a founder and former chairman of Hudson Valley Holding (HVB), has died, the company said Friday. Griffin was 79 and had suffered from a long illness.

Under pressure from a regulator solely focused on protecting the consumers' financial interest, many banks have started abandoning suspect practices. Let’s keep it that way.

Colony Financial (CLNY) in Los Angeles seeks to raise as much as $150.9 million through a common stock offering and use the funds to repay a revolving credit facility.

An educational computer game from Visa and the National Football League allows players to move up and down the field and score points by correctly answering questions that test their financial literacy.