Americas

The custody bank was very profitable, and it raised its cost-saving forecast for year-end, but its nearly 3% increase in third-quarter noninterest expenses prompted an investor backlash.

The Providence, R.I., company reported a 27% gain in profits thanks partly to a boost in fee income from its purchase of Franklin American Mortgage in August.

Strong net interest income and other factors made up for a drop in investment banking and other noninterest income at the Atlanta bank, which reported double-digit earnings growth.

Governors in Arkansas, Georgia, Oklahoma, Texas and Wisconsin used International Credit Union day as an opportunity to recognize the industry.

India’s government has been aggressively (and, at times, dramatically) pro-digital commerce — but not necessarily when it involves foreign companies.

The Wisconsin company expects outstanding loans to decreased from current levels, particularly due to paydowns tied to commercial real estate loans.

The Arkansas company, which has faced criticism over its concentration in commercial real estate, charged off nearly $46 million tied to a pair of properties in the Carolinas.

Mary McDuffie, who is currently Navy Federal's chief operating officer, will succeed Cutler Dawson, who is retiring.

Having spent 40 years in the credit union movement and the last 26 as CEO of True Sky CU, Steve Rasmussen has announced plans to retire later this year.

The California company reported increases in loans and deposits, along with a wider net interest margin.