Retail & Commercial

Many payment products started out as something else, and many payment execs came to the industry from different backgrounds.

First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.

Beneficial Mutual Bancorp (BNCL) in Philadelphia will separate the position of chairman from those of president and chief executive.

Buoyed by strong revenue growth in its credit card operations, Capital One said that its third-quarter earnings rose 48% from the same period last year, to $1.2 billion.

TCF Financial (TCB) in Wayzata, Minn., has delayed the release of its third-quarter results to give itself more time to review how it will implement regulatory guidance on consumer loans subject to bankruptcy discharge.

Independent Bank in Rockland, Mass., reported lower quarterly earnings after a series of "noncore" items largely dinged its bottom line.

A rein on expenses and a pickup in lending and fees propelled People's United Financial in the third quarter.

The acquisition of Rochdale Investment Management helped raise City National Corp.'s third-quarter income 44% from a year earlier to $59.8 million.

ReadyForZero is one of many companies that provide personal financial management tools to help consumers get a grip on their finances by letting them collect spending data from multiple accounts. Many of these providers do not allow payments, largely out of security concerns.

Stephen Steinour, CEO of Huntington Bancshares, played up its efforts to manage asset yields and control funding costs after investors took a dim view of its narrower net interest margin.