New York

The bank is using software "robots" — 30 of them, according to its CEO — to cut costs and shift workers to more fulfilling work.

People's United Financial in Bridgeport, Conn., has agreed to buy a New York wealth-management firm.

The Brexit vote last month gave a small boost to second-quarter profit at Bank of New York Mellon, but the low interest rate environment continued to bedevil the custody bank in many segments of its business.

Executives at several minority-owned community banks nationwide, including OneUnited Bank in Boston and Carver Federal Savings Bank in New York, say they have received a windfall of deposits in recent weeks, coinciding with the introduction of the Black Money Matters Project.

Signature Bank in New York more than tripled its loan-loss reserves for taxi medallion and other loans in the second quarter yet still managed a double-digit increase in profits primarily on loan growth.

M&T Bank's second-quarter profit improved thanks to a lower loan-loss provision and other factors.

The three custody banks had been projected to post weak second-quarter results because of a lull in foreign exchange trading. Then Brexit happened, and everything changed.

Carver Bancorp in New York will likely report a loss for fiscal-year 2015 after restating its results. The company disclosed in a regulatory filing that the error is tied to the accrual of expenses related to invoices paid to its core system service provider.

A couple of years ago, the activist investor Joseph Stilwell said Anchor Bancorp in Lacey, Wash., deserved more time to try to right itself. Apparently he thinks that time is up.

The $5.2 billion-asset mutual said in a press release Thursday that Leonard Stekol had become its president. Stekol was also elected a trustee; he will remain chief operating officer.