New York

Bank of New York Mellon, the custody bank under pressure from activist investors to improve results, reported a 5% increase in first-quarter profit as it cut expenses and benefited from higher interest rates in the U.S.

Emigrant Bank in New York has asked for regulatory approval to double its ownership stake in The Bancorp in Wilmington, Del.

M&T Bank in Buffalo, N.Y., has expanded the job responsibilities of René Jones, its chief financial officer and vice chairman, while at the same time naming a new CFO.

Recent steps by New York Community Bancorp to lower its borrowing costs paid off last quarter in higher net interest income and profits.

Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.

M&T is squeezing savings out of its newly purchased Hudson City Bancorp after fighting long and hard for regulatory approval. But it's also taking steps to keep Hudson City's customers from leaving, like offering higher rates on CDs in the New Jersey area.

Dime Community Bancshares has agreed to sell its headquarter building in Brooklyn for $12.3 million.

M&T Bank in Buffalo, N.Y., for the first time was able to report a full-quarter impact from its acquisition of Hudson City Bancorp, which took about three and a half years to complete because of regulatory challenges.

Investors are quickly choosing sides in a proxy battle at Financial Institutions in Warsaw, N.Y.

B of A is normally thought of as a U.S. economic bellwether, but it has substantial operations overseas, and its international performance last quarter provided a painful reminder of that fact.