Retail & Commercial

The growth-minded regional bank is biding its time until rates rise and its M&A deals close by slowing riskier types of lending and diversifying its income sources.

F.N.B. in Pittsburgh reported higher first-quarter profit on higher fee income and enhanced results from two acquisitions.

Regulators recently penalized a mortgage firm for keeping a file of licensing-test questions to prep exam takers, the first public challenge to what is believed to be a hushed, but longtime, industry practice.

Astoria Financial in Lake Success, N.Y., topped Wall Street expectations despite a drop in revenue. The $15.5 billion-asset company reported a 39% decrease in net income from a year earlier, to $19.3 million.

Convergent Revenue Cycle Management Inc., a national healthcare revenue cycle management provider, has announced that Mark Schanck has been promoted to company president.

Bill Emerson, chief executive of Quicken Loans, said at a recent conference that the threat of government probes and a lack of regulatory clarity are making FHA lending less attractive.

Navient Corp. released Q1 financial results on Thursday that include $830 million of student loan purchases, $300 million of common share repurchases and the acquisition of a new asset recovery and business process outsourcing firm focused on state and local public sector markets.

The company will consider annual elections for all directors after investors passed a non-binding resolution urging for a change.

The owner of Green Tree Servicing LLC has responded to the settlement announced this week with the Federal Trade Commission and Consumer Financial Protection Bureau.

Banking regulators will never conclude that regulation is actually hurting community banks until they study the issue and come to that conclusion on their own.