Americas

Surging revenue from consumer lending, including auto loans and mortgages, offset credit problems from the energy sector in the second-quarter results of Regions Financial in Birmingham, Ala.

Comerica reported improvement in its energy-loan portfolio in the second quarter but charges related to a broad corporate restructuring took a bite out of overall profits.

Sam Cook, who served in various roles at Central Trust Bank in Jefferson City, Mo., since the Truman administration, has died.

Even absent a rate hike, executives believe that the banking giant can still improve profits by hitting this expense target.

Valley View Bancshares in Overland Park, Kan., is planning to replace its longstanding practice of having multiple bank charters.

Bank of America, the second-biggest U.S. bank by assets, said second-quarter profit fell 21% as it took an accounting charge and posted a decline in wealth management revenue.

U.S. Bancorp could see a slight uptick in revenue in its payments business after the U.K.'s decision to leave the European Union, Chief Executive Richard Davis said on a conference call Friday.

Carver Bancorp in New York will likely report a loss for fiscal-year 2015 after restating its results. The company disclosed in a regulatory filing that the error is tied to the accrual of expenses related to invoices paid to its core system service provider.

PacWest Bancorp in Los Angeles reported lower quarterly profit as higher expenses offset gains from fees and loan growth.

The Maine Credit Union League recently announced a radio advertisement initiative beginning July 1 that includes 2,000 paid and no-charge 60-second commercials that will air throughout the summer highlighting the SurF campaign and the credit union movement.