Finance

Double-digit gains in net interest income more than offset sluggish growth in fee income at the Salt Lake City company.

A recent high-profile news story doesn't paint the National Credit Union Administration chairman in a good light, but some in the industry say it could also lead to positive changes on the board.

The Florida company's earnings increased after it completed a big acquisition and produced strong year-over-year loan production.

The McLean, Va., company also reported a decline in charge-offs on credit card loans.

CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest rate limits.

The Virginia company cautioned that it expects lending to slow down this year.

The fingerprint biometric firm Zwipe raised approximately US$ 14 million (Norwegian Krone 120 million) in its latest Series B funding round.

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

The company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis.