Retail & Commercial

East West Bancorp (EWBC) in Pasadena, Calif., reported a small rise in quarterly profit because of loan growth.

American Express said third-quarter profit rose 9.3 percent to $1.37 billion, or $1.25 a share, beating the $1.22 average estimate of 26 analysts surveyed by Bloomberg.

Delanco Bancorp in New Jersey has completed its conversion to a fully public company.

SunTrust Banks has joined the lengthy list of major banks slashing jobs in their mortgage divisions.

Huntington Bancshares (HBAN) followed the lead of other banks and cut about 200 jobs amid a slowdown in residential mortgage lending.

M&T Bank (MTB) in Buffalo reported flat quarterly earnings that still meet Wall Street’s expectations.

Wells Fargo eliminated an additional 925 jobs in its home-loan unit and has cut more than 5,700 since midyear.

The New York bank took the move one month after signing a consent order with the Office of the Comptroller of the Currency to settle allegations that it took shortcuts in collecting consumer debts. But with accusations of "robo-signing" still fresh, and a related suit by California's attorney general pending, the bank could face a new wave of legal troubles.

BB&T reported lower quarterly earnings, as a large tax adjustment overshadowed the Winston-Salem, N.C., company's struggles to boost net interest income.

The new normal in consumer statute lawsuit numbers appears to be an increase in Telephone Consumer Protection Act (TCPA) filings and a decrease in both Fair Debt Collection Practices Act (FDCPA) cases and Fair Credit Reporting Act (FCRA) filings, according to Grand Rapids, Mich.-based data firm WebRecon LLC.