DeVry Education Group responded Wednesday to a complaint filed by the Federal Trade Commission alleging that consumers were deceived about the chances of students finding jobs in their areas of study.

First Citizens BancShares in Raleigh, N.C., said Wednesday that its fourth-quarter profit fell 32.1% from a year earlier, to $42.7 million.

Kevin Thompson, who had been selected for the post in November, notified the $6 billion-asset company that he will remain at Zions Bancorp. in Salt Lake City to be near members of his immediate family who were involved an accident shortly after he accepted the WSFS post.

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

Umpqua Holdings in Portland, Ore., posted stronger quarterly earnings because of an increase in mortgage banking fees and lower costs.

Centrue Financial in Ottawa, Ill., has agreed to sell three branches in Illinois.

Chargeoffs jumped 13% at the Dallas lender, and its warning that they could increase further because of deterioration in subprime auto lending set off alarm bells about the broader consumer finance market.

Moven, the digital-only "neobank," is partnering with online lenders as part of an effort to differentiate its services and become its users' go-to app for financial transactions of all sorts. Banks ought to pay close attention to this rebundling effort.

Amid concerns about the added complexity of the TILA-Respa integrated disclosures and growing demand for purchase loans, Flagstar Bancorp plans to reduce its over-reliance on third-party originations by expanding its retail mortgage business.

The combination of falling stock prices, higher-risk strategies and signs of worsening credit quality does not bode well for the industry's road ahead.

The FTC has filed suit against the operators of DeVry University, alleging that DeVry’s advertisements deceived consumers about the likelihood students would find jobs in their fields of study and would earn more than those graduating with bachelor's degrees from other institutions.

TransUnion’s first-ever personal loan forecast found that both secured and unsecured loans will see balance increases and stable delinquencies this year. The strong performance is expected as the popularity for the products continues to rise among prime consumers.

Navient, a loan management, servicing and asset recovery company that services approximately $300 billion in student loans, released fourth-quarter and full-year financial results that reveal total delinquency rates are at the lowest levels in a decade.

Bank executives have faced relentless questions about their energy-sector exposure during fourth-quarter earnings calls this month, as oil has bobbed above and below $30 a barrel. They are taking more drastic actions to contain losses, but it still might not be enough.

The $9 billion-asset company said in a press release Monday that it will incur about $5 million in additional expenses during the first half of this year to cover the cost of closing the offices.

Malvern Bancorp in Paoli, Pa., on Wednesday reported a profit for its first fiscal quarter of 2016 and said the Office of the Comptroller of the Currency had lifted a formal written agreement with its Malvern Federal Savings Bank subsidiary dating to October 2014.

Commercial loan growth fueled a 20% rise in fourth-quarter profit at EverBank Financial in Jacksonville, Fla., outweighing a sharp drop in fee income.

Banking's top trade groups sent a letter to Congress asking lawmakers to intervene and stop a plan by the National Credit Union Administration to expand field of membership for federal credit unions.

New York Community Bancorp in Westbury, N.Y., posted a fourth-quarter loss after incurring a large charge from prepaying $10.4 billion in wholesale borrowings.

RealtyTrac on Wednesday released its Year-End 2015 U.S. Home Equity & Underwater Report, which shows that there were 6.4 million U.S. properties seriously underwater - where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value.