Banking

Metro Bank Chairman Vernon Hill compared his banks's focus on innovation to what Apple achieved in the technology industry, as it looks to take on Britain's biggest lenders.

New York Community Bancorp's quarterly profit slipped from a year earlier despite strong loan growth and gains from property sales.

Ohio Attorney General Mike DeWine is facing criticism for his handling of collection contracts after a report found companies were giving campaign donations while the state was reviewing bids for the work.

Zuman, a cloud-based human resource outsourcer, has partnered with BitPay to allow its business clients to pay their employees in bitcoin.

F.N.B. in Pittsburgh is reaping the benefits of its recent expansions into other major cities. The $15 billion-asset bank reported a second-quarter profit of $34.8 million, an increase of 19% from the year-earlier period.

The bank's adoption of scheduling technology underscores the fact that, while branch traffic is declining, most sales of loan, deposit or investment products are still made at the branch. It's also further evidence that banks are using technology to engage with customers who are visiting branches less and less.

Sixteen banks, along with John Eggemeyer and Tim Chrisman, raised $6.3 million to keep the Hispanic-focused bank from failing.

Discover Financial Services reported a rise in quarterly profits on strong growth in its loan portfolio.

Discover Financial Services reported a rise in quarterly profits Tuesday on strong growth in its loan portfolio.

Codorus Valley Bancorp in York, Pa., has agreed to buy Madison Bancorp in Baltimore.

ASB Bancorp in Asheville, N.C., has repurchased a block of stock from funds tied to activist investor Joseph Stilwell.

Mercantile Bank in Grand Rapids, Mich., reported a significant decline in earnings that was largely tied to merger-related costs.

City Holding in Charleston, W.Va., reported slightly lower quarterly profit because of a shrinking net interest margin and fewer gains from prior acquisitions.

Independent mortgage lenders are concerned that regulators will use the report as an excuse to raise minimum net worth requirements for smaller lenders.

John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.

Profits at Capital City Bank Group nearly doubled in the second quarter as the Tallahassee, Fla., company continued to shed problem assets.

The Georgia company is also planning a marketing campaign to promote its brand and expanded technology offerings.

Swift announced that six more banks — Barclays, Deutsche Bank, Erste Group Bank, HSBC, ING and Raiffeisen Bank International — have signed up to jointly develop the organization's Know Your Customer Registry.

Union First Market Bankshares' acquisition of StellarOne paid dividends in the second quarter. The Richmond, Va., company reported a profit of $14.8 million, up 56% from a year earlier.

A collection scam reported in Florida involves e-mails that appear to come from the state attorney's office but originate overseas.