The Federal Reserve Board has levied a fine against Minster Bank in Ohio and freed a Missouri company from an enforcement action.

Ellen Futter and David Cote, two of the three JPMorgan Chase board members who became lightning rods for governance criticism this spring, have left the bank.

State Street Corp., the third-largest custody bank, said second-quarter profit climbed 16 percent as rising global equity markets lifted the value of the assets it oversees.

Online outrage this week over low wages at McDonald's has drawn in Visa, the processor of its payroll cards. The criticism comes as the cards in general and McDonald's version in particular are drawing mounting scrutiny for the fees they charge workers.

Shares of City National Corp. in Los Angeles rose Friday after it beat its earnings estimates on strong wealth management income.

One of the largest privately owned collection agencies in the United Kingdom, known as dlc, has announced the creation of a first-party outsourcing service division to meet the demands of clients.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., met quarterly earnings estimates as its lending income ticked up and margins widened.

Washington Federal (WAFD) in Seattle has agreed to buy 51 branches from Bank of America (BAC).

Innovations from nonbanks will need a platform to provide distribution and the ability to scale quickly. Smart bankers will partner with startups to provide together what neither could do alone.

The editors of American Banker's BankThink blog discuss an ongoing series, "The Future Model of Banking," in which contributors envision products and services tomorrow's banks can offer that add value and that customers will happily pay for.

SunTrust Banks in Atlanta reported higher second-quarter earnings that reflected the elimination of more than 2,000 positions in the past year.

Independent Bank Group has agreed to buy Collin Bank, the first acquisition for Independent since it raised $87 million in an April initial public offering.

CLARKSVILLE, Tenn. – Pentagon FCU has opened a new branch serving the Clarksville and Fort Campbell communities in Clarksville.

Synovus Financial (SNV) said Thursday it plans to use a combination of new capital and cash on hand to repurchase preferred stock from the Troubled Asset Relief Program.

Ameris Bancorp (ABCB)'s quarterly profit more than tripled, primarily on gains in mortgage revenue and a drop in the provision for loan losses.

Disagreements between Democrats and Republicans on the House Financial Services Committee over a GOP-backed housing plan offered a sharp contrast with bipartisan efforts in the Senate.

Steven Eckhaus, a prominent compensation adviser to senior bankers, has found a new home at the law firm Cadwalader, Wickersham & Taft.

Americans are projected to owe the federal government $1 trillion in student loan debt as the growth rate soars ahead of credit card debt.

Capital One Financial Corp., the lender that gets more than half its revenue from credit cards, posted a second-quarter profit that beat analysts' estimates as a boost in U.S. consumer confidence helped fuel spending.

People's United Financial (PBCT) in Bridgeport, Conn., reported a profit of $62.1 million in the quarter that ended June 30, down 3.8% from the same period last year, but up 18.2% from three months earlier.