Kristin Broughton

BJ's Wholesale Club is planning to convert its co-branded credit card program to chip-enabled MasterCards.

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.

The Federal Deposit Insurance Corp. issued five corrective actions and three money penalties in June, according to the agency's monthly roundup of regulatory actions.

Ally Financial's second-quarter earnings swung to a profit from the previous year, boosted by returns from its auto lending business.

Eagle Bancorp in Bethesda, Md., plans to raise $55 million by issuing subordinated debt.

Investors Bancorp in Short Hills, N.J., reported a steep drop in second-quarter profits from last year, as operating expenses far outpaced returns from loans and other business lines.

Transport for London, the government agency in charge of city's rail and bus systems, plans to introduce contactless payments for rail customers in mid-September.

Hancock Holding in Gulfport, Miss., reported lower quarterly earnings, primarily because of lower returns from its loan portfolio.

City National in Los Angeles reported a sharp rise in profits in the second quarter, fueled by loan growth and an increase in fee revenue.

Iberiabank's quarterly profits jumped due to growth in the Lafayette, La., company's loan portfolio.

Texas Capital Bancshares in Dallas reported higher quarterly profit, fueled by an increase in the size and quality of its loan portfolio.

The payment processor Total System Services (TSYS) has upgraded the card management software that C. Hoare & Co. uses manage its Visa card portfolio.

PayPal has expanded its mobile payment options in the Netherlands by working with Rabobank's MyOrder.

The state of California will no longer be able to deposit child support payments onto prepaid accounts that lack certain consumer protections, under a law signed Wednesday by Gov. Jerry Brown.

The state of California will no longer be able to deposit child support payments onto prepaid accounts that lack certain consumer protections, under a law signed July 23 by Gov. Jerry Brown.

The official in charge of monitoring JPMorgan Chase's $13 billion settlement with bank regulators released his initial progress report this week.

Umpqua Holdings' second-quarter profit surpassed Wall Street expectations, which exclude costs tied to the Portland, Ore., company’s purchase of Sterling Financial.

HomeStreet in Seattle has added more banking experience to its board. The $3 billion-asset company recruited Timothy Chrisman, a former chairman of the Banc of California, to serve as a director.

First Commonwealth's quarterly profit more than doubled, largely because of significant improvement in credit quality.