Americas

Ally Financial has introduced its first credit card, as the online bank continues to add products to complement its staple car loans and online bank.

New York senators approved Vullo Wednesday as the superintendent of the New York State Department of Financial Services, a year after the exit of the last permanent superintendent.

The $15 billion-asset bank said in a press release Wednesday that Kevin Moffitt has been hired to succeed Brian Wildman, who was named MB Financial's executive vice president of consumer banking in March.

The $3.2 billion-asset Park Sterling announced this week that it will hire four commercial and industrial bankers from the $2.3 billion-asset CommunityOne Bancorp to help expand its commercial banking team in the Charlotte metropolitan area.

Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset bank, in Pompano Beach becomes first U.S. bank to make credit cards available for use in the Caribbean island nation.

Bankers are donating money and promoting blood drives in the wake of the deadliest mass shooting in U.S. history. However, a long-term strategy to stay involved with the issues that the tragedy has brought to light is also considered important.

Wells Fargo, widely regarded as the industry's least complex megabank, has recently made big moves into the volatile world of investment banking. But don't read too much into it, according to John Shrewsberry, its chief financial officer.

Comerica in Dallas said Tuesday that the head of its business bank is stepping down. J. Patrick Faubion will retire from the bank in January, after serving in his current role for less than a year.

Chief Executive Richard Davis said Tuesday that he expects a “neutral outcome” in the second quarter, as low interest rates continue to weigh on income from loans.

Bank of the Ozarks in Little Rock, Ark., has launched a subordinated debt offering that was well telegraphed to the market but that is smaller than some had anticipated.