Retail & Commercial

BNC Bancorp in High Point, N.C., plans to raise about $55 million through a common stock offering.

Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.

Visa Inc., the world's largest payments network, posted fiscal third-quarter profit that beat analysts' estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

A progressive group is up in arms against Sen. Tim Kaine, D-Va., after the possible Democratic vice presidential nominee signed letters calling on regulators to tailor rules for community banks.

Visa Inc., the world’s largest payments network, posted fiscal third-quarter profit that beat analysts’ estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

Regional banks like BB&T, Huntington Bancshares and Citizens Financial are growing through acquisition and targeted business-line initiatives, but they are having to contain spending simultaneously.

WASHINGTON — Two top Senate Democrats are calling on financial regulators to better examine the role of financial technology firms and how their activities interact with the existing regulatory structure.

North Carolina's second-biggest community bank agreed to sell itself at a rich premium, signaling that the state has become an attractive market for acquirers. Adding an out-of-state bank could also create opportunities for *locals* to poach business.

Boston Private Financial Holdings on Thursday reported a lower second- quarter profit amid broader declines in its wealth management business.

Bankers are taking the unusual step of asking the government for additional regulations — ones that can be used to block the Consumer Financial Protection Bureau from seeking more data from financial institutions.