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Royal Bank of Canada named Jefferies Group's Michael Armstrong as head of its U.S. wealth-management business.

Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.

A group of employees recently formed an organization designed to help the North Carolina company increase its appeal with Asian workers and customers.

The Bancorp in Wilmington, Del., swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

Redwood CU and Charter Oak FCU boards both re-elect three and more C-suite maneuverings.

CIT's bread-and-butter business — commercial banking — weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?

Higher noninterest income was instrumental in a 3.9% quarter-to-quarter profit increase at Capitol Federal Financial in Topeka, Kan., in the three months that ended March 31.

No one at Old Fort Banking could afford to buy the large stake being sold by the Ohio bank's majority shareholder. So the employee stock ownership plan stepped in, and now it plans to take full control of Old Fort's holding company.

Fifth Third Bancorp is turning to a veteran of the consumer goods industry to help shape its approach to innovation.

BBVA Compass reported strong loan growth in the first quarter, but its net income fell sharply from the same period last year as weak energy prices forced the company to substantially boost its loan-loss reserves.

CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business.

Penn Community Bank didn’t have a CFO until it hired Stephanie Austin, who won praise for building a solid finance department at her previous job.

Umpqua Holdings in Oregon has promoted a business-banking executive to president of its bank unit.

Big banks began ceding market share to midsize and small subprime auto lenders, who they said were taking too many risks. Now prominent midsize player Santander Consumer is putting on the brakes and complaining about small, overly daring rivals. How bad a sign is that?

Shares of Valley National Bancorp. slumped Wednesday after the Wayne, N.J., company reported a first-quarter profit that fell short of analysts' expectations.

First-quarter net income at the $22 billion-asset company fell 6.4% to $69 million year over year and earnings per share fell 6.7% to 98 cents.

A $15 million gain from securities transactions and modest loan growth weren't enough to offset the impact of delinquent energy loans on Cullen/Frost Bankers' first-quarter profit.

Citizens National Bancshares of Bossier in Bossier City, La., has named Jason Smith, an executive vice president at subsidiary Citizens National Bank since 2008, as its president and chief executive.