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Royal Bank of Canada posted its highest domestic net interest margin in five years, pushing quarterly earnings past analysts' estimates and boosting annual profit from its Canadian banking division to a record.

The purchase of Michigan-based Compliance Systems Inc. is intended to better help credit unions stay on top of regulatory changes.

The company will pay $64 million in cash and stock for First Beeville Financial.

The Australian government is evaluating a set of proposals to radically reform its payments industry, including abolishing interchange and opening up access for new entrants to core infrastructure.

Michael Daly's resignation may have been precipitated by an anonymous letter last month describing the workplace as “toxic” and in dire need of change.

A period of churn in Canadian airline loyalty is nearing an end as Air Canada moves ahead with a deal to take over its old loyalty program, Aeroplan, and keep its partner banks on board.

Chinese payment companies have successfully lured merchants outside of China by enabling payments for Chinese tourists, a use case Tencent hopes will work in Japan, where rival Alipay lurks.

The Credit Union National Association will not ask Mississippi Republican Cindy Hyde-Smith to return its campaign contribution, even as a number of major corporations have asked for their money back.

Stephen Gordon, who led the bank's recapitalization in 2010, is being replaced as CEO on an interim basis by former FirstMerit CEO Paul Grieg.

It's the latest expansion step in commercial services there by the Atlanta bank, which has no retail branches in Texas.

The Connecticut regional bank will pay $327 million for the parent of Belmont Savings Bank.

Michael Daly had been the Boston company's president and CEO since 2002. It did not say why he left.

Andrew Leventis will take over for Ralph Monaco, who is retiring in December after seven years with the regulator.

John Corbett has known the leaders of National Commerce since he helped launch CenterState in 1999. It’s a big reason CenterState is breaking from tradition to hire those executives once it buys the Alabama bank.

The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce.

The New York-based credit union has returned more than $7.6 million to members since 2003.

Scott Custer is set to become chairman of Dogwood State Bank, a proposed North Carolina de novo.

The Michigan company has committed $50,000 to the partnership over the next two years amid a big push to modernize its product and service offerings.

Loan growth in both states exceeded the national average through the first half of the year, along with improvements in delinquencies and average assets.

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.