Retail & Commercial

Webster Financial in Waterbury, Conn., reported an increase in quarterly profit on the strength of its loan growth.

PrivateBancorp in Chicago reported higher earnings in the third quarter primarily thanks to loan growth.

Buoyed by interest income growth and large gains on the sales of loans and securities, First Republic Bank in San Francisco reported a 20% increase in profits in the third quarter when compared to the same period last year.

American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.

BB&T in Winston-Salem, N.C., reported higher quarterly earnings despite flat revenue.

Fifth Third Bancorp in Cincinnati reported lower earnings because of a decline in mortgage revenue and a negative valuation adjustment on a payments subsidiary.

Profits at Umpqua Holdings in Portland, Ore., rose in the third quarter, on gains from its recent acquisition of Sterling Financial.

American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.

The Consumer Financial Protection Bureau is urging policymakers to reconsider how student loan debt is treated under the bankruptcy code.

Demand for commercial real estate and business loans continued to rebound in many regions of the country over the past six weeks, the Federal Reserve Board said Wednesday.