Finance

Second-quarter profit improved modestly at Northern Trust as severance costs offset growth in trust and institutional services.

The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter.

The Illinois company has bought two banks and a small mortgage firm in the past year, which helped improve its second-quarter results.

Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates.

The Tennessee company reported higher profit that reflected its June purchase of BNC Bancorp and nearly $670 million of organic loan growth during the second quarter.

The bank’s once-vaunted bond trading unit reports its second bad quarterly performance in a row; Cordray tells OCC it’s too late to stop rule prohibiting mandatory arbitration.

The Mississippi company reported higher quarterly earnings despite ongoing energy challenges. Hancock also benefited from its April purchase of the failed First NBC Bank.

The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits.

Loan and fee income rose at the Los Angeles bank, which also jettisoned nearly $160 million of health care cash-flow loans.

The FDIC is watching banks that use wholesale funds to support CRE lending. The warning comes as brokered deposit levels at community banks are at their highest level in nearly six years.

The Dallas company is in the middle of a dramatic turnaround after scaling back on energy loans and slashing expenses. Still, followers of the company seek assurances that the discipline will endure.

The Georgia company made more loans and controlled costs. As a result, it had a 1% return on assets and an efficiency ratio below 60%.

A yearlong effort to slash costs boosted profits at the Dallas company.

Former Visa CEO replaces Gerald Hassell; Acting Comptroller Noreika asks Cordray to delay rule that makes it easier for consumers to sue banks.

Bank of America Corp.’s expected bonanza from rising interest rates has stalled.

As retailers scratch their heads to find ways to counter Amazon's ongoing disruption of their industry, investment is flowing to technology companies that meld shopping, payments and fulfillment.

On March 31, 2017. Dollars in thousands

The company will gain more than $500 million in assets after buying Eastman National and Cache Holdings.

Investors blame Washington gridlock, lowered expectations for price drop; Wells Fargo looks to narrow its focus as it jettisons some units.

On the discussion table: Alipay, Jack Ma, blockchain, AI, building a true digital system, payments, financial inclusion.