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Wells Fargo, the world’s largest bank by market value, posted fourth-quarter profit that beat analysts’ estimates as revenue from lending and securities investments increased.

Citigroup boosted fourth-quarter profit more than analysts estimated as it generated more revenue from investment banking and a portfolio of unwanted assets.

First Business Financial Services in Madison, Wis., said it has hired Edward Sloane Jr. to be its next chief financial officer.

Bank chiefs should brace for a barrage of questions about economic uncertainty, if JPMorgan Chase's experience after releasing fourth-quarter results is any indication. Double-digit increases in loans and profits were not enough to stave off questions about the odds of recession, energy risks and adequacy of reserves.

GFA FCU promotes from within for its culture officer position, Stan Hollen announces retirement and other credit union professionals in the news.

Metropolitan Commercial Bank in New York has named Dale Fredston, a former general counsel at Sterling Bancorp in Montebello, N.Y., to its board of directors.

Peter Humphrey, who stepped down as Financial Institutions’ CEO in 2012, said he supports a push by activist investor Clover Partners to force the company to find a buyer. Humphrey left the company’s board in 2014.

Higher wealth management fees and improved interest income led First Republic Bank in San Francisco to double-digit profit growth in the fourth quarter.

The physical branch network is not dead, but to ensure its viability banks need to get serious about trimming it down and combining branches with digital channels.

American National Bankshares in Danville, Va., has named Cathy Liles its chief accounting officer.

DEL MAR, Calif. – So you think your family chili recipe is pretty special? Time to prove it at the 2016 XDI Credit Union Chili Challenge.

Middlesex Savings Bank in Natick, Mass., has promoted a senior banker to chief commercial credit officer.

PayPal Holdings has named the head of a cryptocurrency firm to its board.

There is a growing belief that reserves for energy loans should represent 5% of a bank's exposure to the sector. Three banks have already announced plans to move in that direction, prompting speculation as to which other lenders will be next.

The opportunity for banks from the dramatic growth in deposits goes beyond just funding loans.

Codorus Valley Bancorp in York, Pa., will soon have a new leader for its bank.

The credit union movement soon will lose yet another iconic figure, as Stan Hollen announced he will retire as president and CEO of CO-OP Financial Services on May 31.

Umpqua Holdings in Portland, Ore., has hired Tory Nixon, who played for the San Francisco 49ers in the 1980s, as head of commercial banking.

Valley National Bank in Wayne, N.J., has a new chief administrative officer.

Mary Kay Bates, who had been chief operating officer in January 2014, was promoted to president of the $724 million-asset bank in Spirit Lake, Iowa.