American Express Co. has told Industrial & Commercial Bank of China Ltd. it will keep its stake in the lender after entering into a contract to hedge fluctuations in the stock price, Reuters reported Wednesday citing a source with direct knowledge of the matter.

Payments technology vendor Fundtech Ltd.'s second-quarter revenue rose 16.4% from a year earlier to $40.5 million as it closed 130 new deals and added 14 new bank clients.

Fulton Financial said the directors of its $2 billion-asset The Bank in Mt. Laurel and its $1.37 Skylands Community Bank in Chester have agreed to merge.

Amid industry consolidation, PrimeVest Financial Services Inc. has enjoyed growing success over the past few years in signing its bank partners to longer contracts.

FNB United in Asheboro, N.C., has finished raising the $310 million of capital it needs to move forward with its plan to acquire another North Carolina bank.

Hampton Roads Bankshares Inc. in Norfolk, Va., has sold its insurance business as part of its ongoing effort to reduce overhead and streamline operations.

Debt buyer Encore Capital Group Inc. financial results for the second quarter showed gains in revenue, net income and gross collections, according to an SEC filing.

Financial technology vendor S1 Corp.'s board of directors has rebuffed an unsolicited acquisition bid from rival ACI Worldwide Inc., signaling its commitment to an existing agreement it has to buy another competitor.

Old National Bancorp's purchase of Integra Bank, its largest competition, is not your usual FDIC failed bank deal, and could be considered subtraction by addition.

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The Buffalo bank worked too hard during the crisis years to put its efforts "in harm's way," Koelmel said.

In an otherwise down day for bank stocks, shares of Old National Bancorp rose sharply Monday after the Evansville, Ind., company reported strong earnings for the second quarter and added dozens of new branches with its acquisition of a failed bank.

Buffalo bank's deal for 195 HSBC branches will require raising capital, divesting and integrating technology. Execs insist it’s all manageable.

Just-in-time investing could be the next big thing in private equity investing, headed by Warburg Pincus in New York.

PNC Chief Rohr has "no interest" in Regions or SunTrust after RBC deal, Stifel Nicolaus analyst says.

The Federal Deposit Insurance Corp. has ordered three community banks hobbled by losses on real estate loans to raise fresh capital or merge with other banks.

HSBC plans to sell just under half of its retail banking branches in the U.S. to First Niagara Bank for an estimated $1 billion. Most of the 195 branches to be sold are in upstate New York, while six are in Connecticut.

Discover Financial Services' strategy to diversify beyond credit cards suffered a setback as the lender's deal to buy $1.1 billion in banking deposits from Allstate Corp. has fallen through.

The paper quotes First Niagara CEO John Koelmel as saying it will eventually have to do a capital raise to support the larger balance sheet. Antitrust issues may also arise, FT says.

HSBC, which has been scaling back its U.S. operations, struck a deal to sell 195 retail banking branches to First Niagara Financial for $1 billion in cash, the companies said Sunday.