New York

Departing New York state regulator Benjamin Lawsky revealed the final version of the BitLicense, the regulatory framework for digital currency businesses his department has developed over the past 18 months.

New York Community Bancorp Inc. Chief Executive Officer Joseph Ficalora didn't have to pay taxes on $2.84 million in restricted stock he collected last year. His company picked up the tab.

NCUA announced Friday it approved a federal charter for another credit union — the Seneca Nation of Indians FCU — which will serve members of the Seneca Nation Indian tribe in western New York state.

U.S. consumers in the first quarter borrowed more to pay for education and automobiles, but overall their debt burden was relatively flat, according to a new report from the Federal Reserve Bank of New York.

Flushing Financial in Uniondale, N.Y., has sold three branch properties in Brooklyn, N.Y.

Elmira Savings Bank in New York has repurchased a warrant from the federal government that had been issued as part of the Troubled Asset Relief Program during the financial crisis.

The National Federation of Community Development Credit Unions (Federation) and the Neighborhood Trust Financial Partners (NTFP) have launched a new initiative called "Pathways to Financial Empowerment."

Hanmi Financial has opened loan production offices in New York and Georgia.

Another Bank of America executive has joined Novantas, a maker of financial-analytics software for banks.

New York Gov. Andrew Cuomo and New York Superintendent of Financial Services Benjamin Lawsky today proposed new regulations for the title insurance industry, including restrictions on meal and entertainment expenses.

New York Community Bancorp in Westbury reported higher quarterly profit, though it continued to sell loans to stay below $50 billion in assets.

AUSTIN, Texas — Jwaala, a provider of mobile and online banking solutions to U.S. financial institutions, Tuesday said it has signed its 100th client in the credit union space — Palisades Federal Credit Union, Pearl River, N.Y.

Signature Bank in New York is poised to start lending to city governments. The move is well-timed; the wind-down of GE Capital removes a competitor and provides Signature with a chance to buy assets and hire salespeople.

First Niagara Financial Group in Buffalo, N.Y., said its first-quarter profit declined because of costs tied to its technology upgrade and lower spread income.

Astoria Financial in Lake Success, N.Y., topped Wall Street expectations despite a drop in revenue. The $15.5 billion-asset company reported a 39% decrease in net income from a year earlier, to $19.3 million.

Suffolk Bancorp in Riverhead, N.Y., posted stronger earnings in the first quarter on higher net interest income and a reduction in expenses.

Bank of New York Mellon, under pressure from activist investors to improve results, reported a 16% increase in first-quarter profit as the stock market rally lifted assets and fees for overseeing them, and expenses declined.

Arrow Financial in Glens Falls, N.Y., reported a double-digit profit increase in the first quarter as strong loan growth in its three major business lines helped to offset flat noninterest income and higher expense.

The first quarter was another banner one for Signature Bank in New York, which reported record net income of $83.4 million, topping its 2014 first-quarter results by 26%.

M&T Bank in Buffalo, N.Y., reported an increase in its first-quarter profit on the strength of higher mortgage banking revenue, but its results fell well short of analysts’ estimates as loan growth failed to meet expectations.