The Buffalo bank has seized on the disruption caused by the sale of HSBC's branches in upstate New York by luring away some business customers from rivals, CFO Rene Jones says. He also shares his outlook on M&A and interest rate risk tied to mortgages.

The consensus around Friday's landmark credit card deal between retailers, Visa and MasterCard is there is no consensus. Click through for immediate - and often conflicting - reactions from bankers, retailers and informed observers.

Finally, senior policymakers are focusing on negative equity. But the answer to the problem is to change borrowers' incentives, not to abrogate contract and property rights.

U.S. Bancorp (USB), the top performer in the KBW Bank Index for the past 12 months, posted its 11th straight year-over-year increase in quarterly profit as fewer bad loans and increased revenue helped drive results higher.

Bank of America (BAC), shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as losses in real estate narrowed and the company set aside less for bad loans.

PNC Financial Services (PNC), the seventh-largest U.S. commercial bank by deposits, said second-quarter profit declined 40 percent on costs tied to mortgage-putback demands.

MADISON, Wis. – University of Wisconsin CU said it has agreed to build a new branch at the former Brennan’s Market site, the $1-billion credit union’s 13th branch in Dane County and 22nd in Wisconsin.

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Camco Financial (CAFI) in Cambridge, Ohio, is looking to raise up to $10 million through a common shares rights offering to existing shareholders.

Fulton Financial reported higher quarterly earnings despite a decline in net interest income.

The Florida bank is eager to add loans after raising $5 million to surpass capital requirements from a 2011 consent order. It did so at a time when capital raising is on the decline.

Strong loan growth and improved efficiency powered ServisFirst Bancshares in Birmingham, Ala., to its 10th consecutive quarter of record earnings in the quarter that ended June 30.

Nearly all senior citizens and others who receive monthly Social Security benefits on government-issued debit cards are satisfied with their cards and would recommend them to other seniors who are still receiving paper checks, a new survey has found.

PNC Bank is rolling out a reloadable prepaid card in an effort to capture its share of consumers who do not have traditional bank accounts.

In his first speech since agreeing to oversee the $25 billion agreement, Joseph Smith said that he can't police new servicing standards without help from borrowers and their representatives.

The company is opening a loan production office in Wisconsin to focus on commercial loans. The reason? More than 300 banks are fighting for loans in Chicago, leading the local bank to look elsewhere for new business.

Provident New York Bancorp (PBNY) in Montebello, N.Y., has established a wealth management services division that will be led by of its top executives.

M&T Bank (MTB) reported a big drop in quarterly earnings Tuesday, but a close look shows that its Wilmington Trust acquisition is bearing fruit at the right time.

Lakeland Bancorp (LBAI) in Oak Ridge, N.J., recorded higher second-quarter earnings as credit quality improved and loans increased.

Landlords are piling the most debt onto commercial properties in five years as Wall Street banks bundle the loans into bonds to meet rising demand from investors seeking high yields amid record-low interest rates.