Retail & Commercial

Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.

A Consumer Financial Protection Bureau study found that borrowers pay steep bank penalty fees and may have their checking accounts closed when they take out online payday loans.

Ally Financial has blasted a proxy advisory firm for its recommendation that shareholders vote against the re-election of four of the Detroit company's directors.

Profit declined at Fulton Financial in Lancaster, Pa., in the first quarter, as broad-based loan growth was offset by a drop in noninterest income.

Hancock Holding in Gulfport, Miss., reported a steep drop in quarterly earnings that reflected ongoing energy woes.

Discover Financial Services reported higher loan growth in its flagship credit-card business during the first quarter, reversing a trend that the company's leaders had vowed to address.

After another disappointing quarter, Comerica is promising big changes in its ongoing quest to improve returns to shareholders. It appears to be considering all options, including selling off business lines and perhaps even merging with another institution.

Sometimes boards have to police their own, as an insider-trading case involving a Pinnacle Financial director shows. The risks are especially high when banks enter confidential merger talks.

Discover Financial Services, the credit-card issuer that’s expanded to student lending and unsecured personal loans, posted first-quarter profit that beat analysts’ estimates as card spending increased.

Community Bank in Pasadena, Calif., said Tuesday that it has named Lyle Knight, a former CEO of First Interstate BancSystem in Billings, Mont., to its board.