Retail & Commercial

The more than $500 million that investors pumped into banks in the Tar Heel State has turned marginal players into consolidators, provided a way to absorb failures and instilled new discipline.

The 2008 bailout program may have worked as intended, but Wells Fargo's Former CEO still insists it did more harm than good.

Foreclosure filings in May exceeded the 200,000 mark for the first time in three months as more servicers moved to take possession of real estate collateralized by delinquent home mortgages.

U.S. consumers owed $8.995 trillion on their residential loans at the end of March-the lowest debt figure recorded in almost five years, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

The Chicago area’s transit authorities are a step closer to a cross-platform open-payment system that will enable riders to use open-loop contactless cards to access buses and trains.

A half billion dollars in PE funding has breathed life into North Carolina banking, raising questions about whether community bankers nationwide should be teaming up with Mitt Romney's old industry.

The Treasury Department has successfully sold off its shares in seven more community banks as part of its ongoing effort to wind down the four-year-old Troubled Asset Relief Program.

Many so-called consumer advocates doubt consumers can make responsible decisions about credit and believe they should be "protected" from certain financial products. We did not sense this sort of patronizing viewpoint from the new agency.

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 205,990 U.S. properties in May, an increase of 9% from April but still down 4% from the year-ago period.

Crestmark Bancorp of Troy, Mich., has purchased the working capital loan portfolio from First Citizens Bank and has entered into partnership with the Raleigh, N.C., company.