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Bank of America, the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3%, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell.

Dorothy Savarese, the head of Cape Cod Five Cents Savings Bank in Massachusetts, seeks a financial system where the rules encourage community banks and big banks to do the things that they are best at.

Thanks to smart investments and relentless cutting of assets and businesses, Citi is looking leaner and healthier than it has in a long time.

Wells Fargo’s freshly installed CEO made clear Friday that he wants to chart a new course following the revelation that thousands of employees opened phony accounts. But Tim Sloan made few promises about what the megabank will eventually look like.

Profit at Farmers & Merchants Bank of Long Beach in California improved in the third quarter, due to loan growth and increased securities income.

Concerns about bad oil loans have begun to fade, but other credit problems could be lurking. Several big banks reported a notable uptick in provisions for consumer loan losses.

Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from a year earlier.

Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.

Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation.

Fees and loans drove up third-quarter profits at Commerce Bancshares in Kansas City, Mo.

Wells Fargo, the lender whose chief executive officer stepped down this week amid a scandal in its branch network, said third-quarter profit fell 2.6% as expenses climbed and the bank set aside more money for soured loans.

Citigroup posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged 35% from a year earlier, helped by interest-rate and currencies trading.

Third-quarter profit at PNC Financial Services Group in Pittsburgh declined on a yearly basis as a higher tax rate and increased expenses ate into improved revenue in both lending and fee-based products.

JPMorgan Chase & Co., the biggest U.S. bank by assets, said profit fell 7.6% from a year ago, when results got a boost from $2.2 billion in tax benefits. Revenue climbed 8.4% as bond-trading revenue rose more than analysts estimated.

California Bank of Commerce in Lafayette has hired a veteran credit administrator to help expand its small-business lending.

A nearly double-digit increase in net interest income helped third-quarter profit increase by 12.9% at VSB Bancorp in New York.

Two well-known industry veterans are named to the board of Children’s Miracle Network and other CU professionals in the news.

The Wells Fargo phony bank and credit card accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

Hingham Institution for Savings in Massachusetts said a double-digit spike in lending contributed to a strong third quarter.

The change at the top of the No. 3 U.S. bank by assets after a snowballing phony-accounts scandal marks the rare case of a major U.S. bank CEO resigning amid accusations of company misconduct. His successor, Tim Sloan, faces a hard road to recovery.