Content classifications

State Street, the world’s second- largest custody bank, said it’s firing 600 employees globally to accelerate cost reductions after the stock market slump will probably make its goal for fee revenue growth unattainable this year. The shares fell.

Citizens Financial Group in Providence, R.I., managed to build up lending and hold its margins relatively steady last quarter, leading to a healthy gain in profits.

Hancock Holding in Gulfport, Miss., reported a lower third-quarter profit, citing a decline in net interest income and higher expenses.

Auto-lending profits helped make the quarter for Huntington Bancshares and TCF Financial, but their CEOs ended up on the hot seat, as they reported results a day after the U.S. comptroller of the currency issued another warning about declining credit quality in the market.

The decision to terminate a shared-loss agreement with the Federal Deposit Insurance Corp. boosted third-quarter profits at East West Bancorp in Pasadena, Calif.

Texas Capital Bancshares in Dallas reported just a modest uptick in third-quarter profits as higher compensation costs and deposit insurance assessments largely offset strong loan growth.

F.N.B. Corp. in Pittsburgh reported higher third-quarter profit, citing growth in commercial loans and leases and consumer loans.

Low interest rates continue to constrain growth at TCF Financial in Wayzata, Minn.

Dime Community Bancshares in Brooklyn, N.Y., said that Kenneth Mahon will succeed Michael Devine as its president on Jan. 1.

Fulton Financial in Lancaster, Pa., reported a decrease in third-quarter profit, as expenses rose and income from fees and certain securities holdings declined.

Washington Federal in Seattle reported higher profit in its fiscal fourth quarter, citing a record level of commercial loan originations.

The Georgia company is ready to return to buying banks, but it isn’t looking for a game changer. Rather, management wants to ease into consolidation by acquiring a smaller institution.

Regions Financial in Birmingham, Ala., said its longtime head of operations and technology, Cindy Rogers, will retire at the end of the year.

America First exec recognized by the Air Force and more honors and appointments.

BankUnited in Miami Lakes, Fla., reported quarterly earnings that missed Wall Street expectations despite loan growth and an income tax benefit.

Daniel P. Dyer, the chief executive officer of Marlin Business Services in Mount Laurel, N.J., has retired.

Crossroads Bank in Effingham, Ill., has selected Michael Defend as its new chief executive. Defend, who will also serve as president, will step into his new role at the beginning of next year.

Loan-loss provisions are trending up, partly due to an increase in overall lending but also because lenders are concerned about future losses on loans tied to the energy and manufacturing sectors.

Foundation Bancorp in Bellevue, Wash., is searching for a new chief executive. The company said in a press release Tuesday that Diane Dewbrey resigned a day earlier "to pursue other interests."

Deutsche Bank has appointed Kim Hammonds to its management board and promoted her to chief operating officer.