Retail & Commercial

Five states accounted for nearly half the total of foreclosures that occurred over the past year through April 2012, CoreLogic's national foreclosure report revealed.

Alliance Data Systems (ADS) said Wednesday that it has renewed a long-term agreement to provide private-label credit cards for retailer Gardner-White Furniture.

Three years after a group of private equity firms bought BankUnited out of receivership, industry observers wonder if the deal really paved the way for other firms interested in consolidating banks.

Mutual banks and thrifts in Massachusetts have dodged a bullet — at least for now — on a proposed state law that would have subjected them to new standards on executive compensation.

Fair Debt Collection Practices Act (FDCPA) lawsuits filed this year through May 15 totaled 4,102, down 4.6% from last year's pace of 4,299, according to WebRecon LLC, a Grand Rapids, Mich.-based firm that tracks the data from U.S. District courts.

The American Bankers Association joined trade groups in every state Wednesday to urge passage of a bill easing fee disclosure rules at automated tellers.

NEW YORK — Visa reported sluggish U.S. card spending in April and May as new regulations eat into its market share.

Citigroup (NYSE:C) is growing its wealth management business with plans to hire 300 brokers and personal bankers over the next two years.

The three states that have led the nation in bank failures over the last four years — Georgia, Florida and Illinois — remain home to the banks that are most in danger of failing down the road, according to new data compiled by Thomson Reuters.

David Stevens, the president and chief executive officer of the Mortgage Bankers Association, will leave the trade group at the end of June to become president of SunTrust Mortgage.