Banking

Wells Fargo named Steve Troutner head of the community bank's U.S. Western region, one of the unit's most senior outside hires since a scandal over bogus accounts erupted more than two years ago.

U.S. Commerce Secretary Wilbur Ross said unpaid federal workers could borrow to tide themselves over during the government shutdown rather than call in sick to earn a paycheck elsewhere.

The Dallas company boosted its loan-loss provision in the fourth quarter to cover deteriorating leveraged loans, causing it to miss profit estimates.

The surge in new lending at the Pasadena, Calif., company offset rising deposit costs and sluggish fee-income growth.

The bank says regulators want information about its possible role in the money laundering scandal; Kristi Mitchem moves to BMO Global Asset Management.

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When a Columbia University professor surveyed 1,000 payday loan customers, little did he know that the resulting research report would become a lightning rod in the drafting of rules for small-dollar lenders.

The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.

The Boston company reported a quarterly profit despite special charges, mortgage headwinds and lost SBA revenue tied to the partial government shutdown.

Bank First's deal for Partnership is the third Wisconsin bank merger announced this week.

Mexico's Senate leader Ricardo Monreal said he'll seek a vote on his bill cutting bank fees in the spring session starting next month.

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.

Double-digit gains in net interest income more than offset sluggish growth in fee income at the Salt Lake City company.

With a permanent director confirmed, the agency should take steps to establish a small-business data collection rule mandated by the Dodd-Frank Act.

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages.

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The Florida company's earnings increased after it completed a big acquisition and produced strong year-over-year loan production.

The McLean, Va., company also reported a decline in charge-offs on credit card loans.

CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.

Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.