The Latest

Discover Financial Services, the credit-card issuer that’s expanded to student lending and unsecured personal loans, posted first-quarter profit that beat analysts’ estimates as card spending increased.

Community Bank in Pasadena, Calif., said Tuesday that it has named Lyle Knight, a former CEO of First Interstate BancSystem in Billings, Mont., to its board.

Middleburg Financial in Middleburg, Va., is facing pressure from its biggest shareholder to find a buyer.

Several small and midsize banks generated large year-over-year loan growth despite a belief by some outsiders that a slowdown was looming. Bankers may have to spend coming months assuring investors that they can keep booking loans while adequately managing risk.

WASHINGTON — Michael Wilson officially assumed the titles of president and chief executive of the merged Federal Home Loan Bank of Des Moines on Monday, a little sooner than expected.

A federal appeals panel appeared receptive to striking two works from the Dodd-Frank Act that says the CFPB’s director can be removed “for cause.” Here’s what that would mean.

SRP FCU in North Augusta, S.C., named an executive from one of the nation's largest credit unions as its next president and chief executive.

WASHINGTON – The Federal Reserve announced Tuesday that it would allow banks with less than $50 billion in assets to request off-site examination of loan files, a move intended to reduce the regulatory burden for smaller institutions.

J Sainsbury Plc, the British grocer caught up in a cost-cutting war with its supermarket rivals, sought to prevent secrets of how it sets its prices from being revealed to competitors as part of an industry-wide lawsuit over credit-card fees.

More affluent residents and citizens in oil-rich Persian Gulf countries are holding back on luxury spending, focusing instead on basic needs amid concerns over jobs and the health of the economy.