New York

Nasdaq has acquired SecondMarket Solutions, a New York software-as-a-service provider that focuses on helping companies prepare for an IPO.

Dime Community Bancshares in Brooklyn, N.Y., said that Kenneth Mahon will succeed Michael Devine as its president on Jan. 1.

Deutsche Bank has appointed Kim Hammonds to its management board and promoted her to chief operating officer.

Bank of New York Mellon won final approval of a $180 million settlement with investors who claimed they lost money amid allegations the bank had defrauded clients in foreign-exchange transactions for as long as a decade.

A federal appeals court has dealt the retail sector a setback in the ongoing fight over surcharges on credit card purchases.

Bank of New York Mellon, the world’s second-largest custody bank, reported a third-quarter profit that beat analysts’ estimates as the company cut expenses to offset the impact of lower interest rates.

M&T Bank in Buffalo, N.Y., reported a higher third-quarter profit as improved net interest income offset declines in trust services, deposit-account fees and mortgage banking.

New York's state banking regulator may have set down rigorous guidelines for the Symphony online messaging service. But will the rules actually work, and will other agencies will adopt similar guidance?

New York state's banking regulator reached an agreement with Société Générale to retain records from an online messaging service and issued guidance for other banks in its jurisdiction that plan to use the messaging service.

IDology, an Atlanta provider of fraud-prevention and identity verification, has made an equity investment in the mobile identity authentication provider Payfone.

OnDeck Capital has hired Gary Fearnall as its country manager for Canada.

The Federal Reserve Bank of New York has appointed a new leader of its bank supervision arm, the bank announced Thursday.

Dime Community Bancshares in Brooklyn, N.Y., has agreed to sell a number of real estate properties for $80 million.

From "too big to fail" to Glass-Steagall, the two leaders of the postcrisis recovery hashed out the economic issues, while pitching Bernanke's new book.

A pair of community banks have lined up funding through separate subordinated-debt agreements with a firm in the Cayman Islands.

Synechron, a consulting firm to the financial services industry, has acquired Crossbridge, a London-based consulting firm.

Lebenthal Holdings, the family-owned wealth management firm run by Alexandra Lebenthal, has hired former Ally Bank chief Barbara Yastine to be co-chief executive.

The Federal Reserve Bank of Philadelphia has lifted a cease-and-desist order for Carver Bancorp that was issued in February 2011.

The long-delayed approval of the merger of M&T and Hudson City should have been a bright spot in postcrisis M&A, but a small footnote from the Fed quickly reminded bankers that dealmaking will remain a demanding process.

First Data, the payments processor taken private by KKR & Co. eight years ago, is seeking to raise as much as $3.2 billion in what’s poised to be the biggest U.S. initial public offering this year.