The Federal Reserve Board on Wednesday took yet another incremental step to pare down its stimulus program to $25 billion.
Cullen/Frost Bankers in San Antonio, Texas, reported an uptick second-quarter earnings, boosted by its recent acquisition of WNB Bancshares.
Bank of America's Countrywide unit was ordered to pay $1.3 billion in penalties for defective mortgage loans it sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, a little more than half of what the U.S. had requested.
Doral Financial, the holding company for Puerto Rico's second-largest mortgage lender, is trying to sell itself in parts, people with knowledge of the matter said, to maintain compliance with capital requirements.
Payment technology provider First Data is moving into the virtual prepaid space by acquiring Gyft.
The Justice Department's legal case against American Express will not benefit consumers and will weaken competition, said Jeff Campbell, executive vice president and CFO of American Express.
Tighter margins held back BOK Financial in Tulsa, Okla., last quarter.
Lenders aren't keeping pace with a mounting backlog of applications for federal mortgage aid, placing some borrowers at increasing risk of losing their homes to foreclosure, according to the Special Inspector General for the Troubled Asset Relief Program.
BBVA Compass in Houston reported a drop in second-quarter earnings, partly because of a larger loan-loss provision.
Valley National Bancorp in Wayne, N.J., reported that second-quarter earnings declined because of a significant drop in noninterest income.
South State reported higher second quarter earnings compared to last year, as the Columbia, S.C., company expanded through the combination of SCBT and First Financial Holdings.
Victor K. Nichols, a former executive at Experian, has joined the board of the Bank of Hawaii in Honolulu.
S&T Bancorp in Indiana, Pa., reported higher second-quarter earnings driven by loan growth and a credit for its loan-loss provision.
NBT Bancorp in Norwich, N.Y., reported a 63% rise in second-quarter earnings from a year earlier after selling partial ownership in Springstone Financial.
United Bankshares, in Charleston, W. Va., reported an increase in second-quarter earnings, in part because of its acquisition of Virginia Commerce Bancorp in Arlington.