Corporate finance

In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.

One analyst says credit unions must reexamine how they negotiate vendor contracts -- including recognizing that sorting out technology contracts may be above the paygrade of some internal IT executives.

Big data is a key for banks to better understand what financial products underbanked consumers and small businesses need.

The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues.

The Louisiana company also said that credit quality in its energy portfolio improved during the first quarter.

The tech-focused banking company reported loan growth of 15% in a solid first quarter thanks partly to stronger lending to private-equity and venture capital clients.

City National Capital Finance is a nationwide platform with a focus on large and midsize clients. The unit has offices in Florida, Texas, Maryland, North Carolina, Virginia and New York.

The Delaware company reported loan growth and, for the first time in months, no charges tied to an outstanding regulatory order.

The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision.

Joseph Evans will step down as CEO on June 1, though he will remain the company's chairman. Thomas Wiley, a longtime associate of Evans, is set to take the helm.

The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.

The Sun Belt lender also increased fee income and kept expenses down in the first quarter.

In addition to strong membership growth, the CU now boasts $8.1 billion in assets, up by more than 8 percent from last quarter.

KKR & Co. reported first-quarter profit that topped all analyst estimates as payment processor First Data Corp. and other holdings drove gains.

PayPal Holdings Inc. Chief Executive Officer Dan Schulman is getting investors to embrace his strategy of converting the online payments platform into a digital wallet, even if it requires deal-making that diminishes profit margins.

All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course.

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.

The Westbury, N.Y., company is angling for an acquisition as it approaches the $50 billion-asset mark.

State Street won $110 billion of new asset-servicing business in the quarter.

The Tulsa, Okla., company also benefited from higher interest and fee revenue while keeping expenses under control.