The Latest

Blythe Masters scores one for women in the boardroom, the Fed's Sarah Bloom Raskin is leading a campaign to declassify cyber security info for banks, and Yellen is still at odds with Congress — but at least "the ecomomy doesn't stink."

Washington Federal in Seattle reported higher quarterly profit due to gains from the sale of foreclosed properties and certain investments.

The Minnesota Commerce Department announced Wednesday that collection agency Tucker, Albin and Associates Inc. is facing a $500,000 fine for allegedly harassing and threatening small businesses in the state.

The $2.65 billion military credit union now can serve veterans regardless of how long they served in the military.

From Beijing to Paris to Dublin, peer-to-peer lending is blossoming. A quick look at the industry in various parts of the globe.

BB&T in Winston-Salem, N.C., met Wall Street's earnings expectations after reporting revenue rose slightly. The company's second-quarter net income available to shareholders rose 7% from a year earlier, to $454 million. Revenue increased 1.3%, to $2.3 billion.

M&T Bank in Buffalo, N.Y., reported higher quarterly profit that reflected increased fees and higher net interest income.

Wall Street's favored bank-resolution strategy would virtually guarantee future bailouts while imposing the costs on taxpayers and ordinary investors. At the very least, the damage can be mitigated with three key reforms.

Hudson River Community Credit Union and Capital Communications Federal Credit Union jointly announced their participation in the CO-OP Shared Branch Network.

EBay Inc. agreed to sell its Enterprise unit to a group led by Permira for $925 million and reported second-quarter sales that beat analysts' estimates on the eve of its breakup from transaction business PayPal.