The Latest

Valley National in Wayne, N.J., reported an increase in second-quarter earnings on expanded commercial real estate and business lending.

The Financial Stability Board said that it is tabling its work to develop methodologies for identifying systemically risky asset management firms until after other work to develop an activities-based regulatory approach has completed.

Santander Consumer USA Holdings expects to endure more credit losses in the coming quarters, as it expands its portfolio of higher yielding, subprime loans. But its CEO sought to assure investors that its profits would far exceed those costs.

The Senate approved a controversial bill to fund the country's highway spending Thursday, setting up a protracted fight for the banking industry that will continue over the August recess.

Buying Eagle National Bank would give Stroudsburg, Pa.-based ESSA an entrée into Philly's fast-growing western suburbs.

The bank plans to use the proceeds for general corporate purposes, including possible acquisitions such as potential FDIC-assisted transactions. Iberiabank may also use the proceeds for working capital and for investments in subsidiaries to support continued growth.

United Community Banks in Blairsville, Ga., has filed a shelf registration for senior notes to help pay for its acquisition of a South Carolina bank.

MasterCard Inc. agreed to pay Tesco Plc $61 million as the U.K. retailer reached a settlement as part of a multi-billion dollar lawsuit over credit card fees.

Home Affordable Modification Program denial rates are still high, but the Treasury Department and top mortgage servicers contend that the numbers have improved.

NCR and Diebold – the two largest ATM manufacturers in the U.S. – report that skimming is getting worse. One likely reason: the adoption of harder-to-skim EMV chip cards in this country starting in October.