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Rusty Cloutier had been CEO of MidSouth Bancorp for 32 years. Energy-sector woes helped do him in.

The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues.

Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions.

The Louisiana company also said that credit quality in its energy portfolio improved during the first quarter.

Unable to outspend big banks on technology, Asian-American banks are marketing to different ethnic groups and immigrants, sponsoring events for youth and young professionals and emphasizing in-person service.

City National Capital Finance is a nationwide platform with a focus on large and midsize clients. The unit has offices in Florida, Texas, Maryland, North Carolina, Virginia and New York.

Doug Bowers will serve as the permanent replacement for Steven Sugarman, who resigned in January.

The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision.

Joseph Evans will step down as CEO on June 1, though he will remain the company's chairman. Thomas Wiley, a longtime associate of Evans, is set to take the helm.

MidSouth also removed Cloutier's son as part of what it called a "transition plan already under way to improve” performance.

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina.

TransferWise Ltd., the London-based startup backed by investors including Peter Thiel’s Valar Ventures and Andreessen Horowitz, is bringing its international money transfer service to Singapore, aiming to shake up banks’ dominance of the market.

TowneBank's acquisition of Paragon Commercial Bank would give it access to several North Carolina markets.

Europe's Payment Services Directive, or PSD2, has almost everything a technology vendor would want. It affects an entire continent, and it involves both sweeping new data requirements and a substantial IT revamp for large financial institutions.

PayByPhone will add Apple Pay as a payment option for U.K. drivers later this year, as competition in the fast-growing market for mobile payment apps intensifies.

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.

State Street won $110 billion of new asset-servicing business in the quarter.

The Greenwood, Village, Colo.-based credit union was sued by Denver Metro Fair Housing Center over alleged discrimination against women on maternity leave.

The New York company also reported a wider net interest margin and lower noninterest expenses.

Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum.