Retail & Commercial

UMB Financial in Kansas City, Mo., saw second-quarter profit decline as lower revenue from its Scout Investments subsidiary reduced fee income.

While rising rates may temporarily improve net interest margin and profits, they will not increase bank stock prices for at least three reasons.

TransUnion Corp. reported its second-quarter revenue increased 16% in the company's first quarterly financial report since its initial public offering.

Trustmark in Jackson, Miss., reported a dip in second-quarter earnings on shrinking profit margins and declining yields on earning assets.

West Virginia Attorney General Patrick Morrisey is looking into hiring a lawyer licensed in California to collect a $13.8 million judgment against loan company CashCall Mortgage.

MasterCard Inc., the second-largest payments network, said profit fell 1.1 percent as expenses rose and a strengthening U.S. dollar hurt earnings overseas. Shares declined in early trading.

Regulators have given the merger between CIT Group and OneWest Bank the green light — so long as CIT comes up with a revised Community Reinvestment Act plan. This condition is good news for the low-income communities impacted by the merger and sets a strong precedent for regulators' review of future bank deals.

Student lending startup CommonBond has hired Morgan Edwards, a longtime Wall Street leveraged debt specialist, as its chief financial officer.

The Federal Housing Finance Agency is still not producing enough adequately-trained examiners necessary to monitor Fannie Mae and Freddie Mac, according to an inspector general report.

The Special Inspector General for the Troubled Asset Relief Program is renewing calls for further investigation of servicers it claims may be denying too many Home Affordable Modification Program applications.