Finance

The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision.

Joseph Evans will step down as CEO on June 1, though he will remain the company's chairman. Thomas Wiley, a longtime associate of Evans, is set to take the helm.

The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.

The Sun Belt lender also increased fee income and kept expenses down in the first quarter.

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina.

In addition to strong membership growth, the CU now boasts $8.1 billion in assets, up by more than 8 percent from last quarter.

After such a period of collective euphoria following the November election, how does the manager of a large institution explain a declining stock price to investors?

KKR & Co. reported first-quarter profit that topped all analyst estimates as payment processor First Data Corp. and other holdings drove gains.

Europe's Payment Services Directive, or PSD2, has almost everything a technology vendor would want. It affects an entire continent, and it involves both sweeping new data requirements and a substantial IT revamp for large financial institutions.

PayPal Holdings Inc. Chief Executive Officer Dan Schulman is getting investors to embrace his strategy of converting the online payments platform into a digital wallet, even if it requires deal-making that diminishes profit margins.

All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course.

The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps.

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.

The Westbury, N.Y., company is angling for an acquisition as it approaches the $50 billion-asset mark.

State Street won $110 billion of new asset-servicing business in the quarter.

The Tulsa, Okla., company also benefited from higher interest and fee revenue while keeping expenses under control.

The New York company also reported a wider net interest margin and lower noninterest expenses.

Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum.

The era of exceptionally strong loan performance in the credit card business has come to an end, and the Riverwoods, Ill., firm is feeling the effects.

Most of the delinquencies and chargeoffs were in the bank’s credit card and auto loan portfolios