New York

Just weeks after it shook up its executive ranks and suspended efforts to pursue new customers, the New York-based business lender confirmed Friday that it is eliminating dozens of jobs.

Carver Bancorp once turned to Citigroup during a time of need for financial assistance. Now Citigroup has recruited Carver's former CEO to join its board.

Travelers passing through Grand Central Terminal at the height of the evening rush hour Thursday were met with the sound of beating drums and war whoops from several dozen Native Americans protesting the Dakota Access Pipeline. They had traveled all the way from the Dakotas, they said, to bring their case to the Big Apple.

Capital Business Credit, a New York-based business finance company, has been acquired by a San Francisco-based lender.

A prominent activist investor has pared back its stake in three banks.

PCSB Bank in Yorktown Heights, N.Y., is planning to convert to stock ownership, ending 145 years as a depositor-owned mutual.

Flushing Financial in Uniondale, N.Y., has raised $75 million by selling subordinated notes.

Gene Bruyette, a co-founder of Keefe, Bruyette & Woods, the investment bank that became one of the most prolific advisors on bank merger deals, has died. He was 90.

OnDeck Capital, the New York-based online small-business lender, has obtained a $200 million revolving debt facility from Credit Suisse.

Flushing Financial in Uniondale, N.Y., made $12.3 million on a recent property sale, part of a series of moves as it restructures its balance sheet.

Community Bank System in DeWitt, N.Y., has agreed to buy Northeast Retirement Services in Woburn, Mass.

Bank of New York Mellon has named two women executives from the energy and technology sectors to its board.

CIT Group in Livingston, N.J., has promoted Steve Solk to president of consumer banking in California.

Bridge Bancorp in Bridgehampton, N.Y., is looking to raise $50 million by selling common stock.

Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.

The surprising outcome of last week's presidential election is already causing some banks to adjust interest rates on loans and rethink their technology spending.

Community banks in the Pacific Northwest and New England completed acquisitions late in the week, and the TIAA-EverBank deal has moved a step closer to reality.

Regulators have pressed banks to watch out for rising concentrations of commercial real estate loans. Some banks have paid heed, but others are skyrocketing past recommended thresholds.

Can banks outdo online lending startups in head-to-head competition? We're about to find out. Goldman Sachs, Wells Fargo and Quicken have all entered the digital lending business, putting early entrants on the defensive.

Small businesses hungry for financing will quickly ditch a banking relationship if they are unhappy, according to a new J.D. Power report.