Retail & Commercial

The California company plans to hire a second chief credit officer to specify monitor commercial lending and specialty lines. At least one analyst said the changes, which also include adjustments to credit policies, calls into question the company's strategic director and growth trajectory.

The company believes it is done making acquisitions in its home state. The next phase of growth will likely involve deals and strategic hiring in large urban markets across the Southeast.

Signature Bank in New York reported a sharp decline in quarterly profits after suffering steep losses on its Chicago portfolio of taxi medallion loans.

Rather than continuing to invest in inclusion initiatives that fail to drive diversity, banks should embrace these three programs instead.

Fifth Third Bancorp in Cincinnati reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.

MCA remains a very active area — and has become fiercely competitive.

BancorpSouth in Tupelo, Miss., reported higher third-quarter earnings after net interest and fee revenue improved from a year earlier.

American Express Co., the largest U.S. credit-card issuer by purchases, posted third-quarter profit that beat analysts’ estimates and raised its full-year forecast for profitability.

The California Department of Justice is investigating Wells Fargo for allegations of criminal identity theft.

Cross-selling abuses are not systemic and honest bankers are still important to society, the head of the Minneapolis bank said in an apparent reference to the scandal at Wells Fargo.