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Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.

First Niagara Financial Group in Buffalo, N.Y. has hired Peggy Yankovich to lead the commercial card and payments business of its treasury management group. Yankovich had been the global head of corporate cards, global payments & cash management at HSBC.

Wintrust Financial in Rosemont, Ill. reported higher second-quarter profit due to loan portfolio growth and higher mortgage banking revenues.

WASHINGTON — Steven Antonakes, the No. 2 official at the Consumer Financial Protection Bureau, is resigning from the agency, according to an internal agency memo obtained by American Banker.

Kelly King, who is close to closing BB&T s biggest acquisition to date, told analysts that he could look to add up to $20 billion in assets next year through acquisitions. Management also used a conference call to emphasize the ongoing importance of organic growth.

House Financial Services Committee Chairman Jeb Hensarling is planning to push legislation that would rein in the Federal Reserve Board.

The ability to innovate isn't a rare quality possessed by a select few. In fact, one expert says, it's no different than being able to cook.

Upstart, a marketplace lender founded by ex-Google employees, has more than doubled its funding after receiving an investment from a group led by activist hedge-fund investor Dan Loeb. The company plans to use the funds to improve its underwriting analytics.

Georgia United creates 'chief people officer,' Pen Air FCU snags CUNA award and more.

Bank executives never know what to expect when they face analysts. M&T's CFO may have been prepared for questions on the company’s long-delayed acquisition, but instead he got tougher question over a charitable donation.