BB&T in Winston-Salem, N.C., plans to shut down an auto leasing business it inherited after buying Susquehanna Bancshares in Lititz, Pa.

ASB Bancorp in Asheville, N.C., has agreed to appoint to its board the activist investor Lawrence Seidman and another representative picked by Seidman.

KeyCorp reported lower quarterly results that reflected higher expenses and lower fee income.

Fiserv in Brookfield, Wis., has agreed to buy the community financial services business of ACI Worldwide for $200 million in cash.

Fifth Third Bancorp in Cincinnati on Thursday reported a big spike in profits, after selling shares in the payment processor Vantiv.

BB&T in Winston-Salem, N.C., posted lower quarterly results that largely reflected lower fee income and costs tied to recent acquisitions.

Cullen/Frost Bankers in San Antonio said it plans to report a large increase in its loan-loss provision because of issues in the energy sector.

Barclays Chief Executive Officer Jes Staley has started a fresh round of cuts at the investment bank, affecting staff in New York, London and most deeply in Asia, according to a person with knowledge of the matter.

Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy a bigger stake in Bankers Healthcare Group in Southwest Ranches, Fla.

Wintrust Financial's fourth-quarter earnings fell 7% from a year earlier, to $35.5 million, as a revenue surge failed to offset the higher costs associated with recent acquisitions.

Management has also been allocating more resources to other markets to add loans and boost fee income in businesses such as card services and wealth management. Such moves are designed to offset fallout from an energy book that shrunk by 14% last year.

Costs associated with M&T Bank's successful but prolonged effort to buy Hudson City Bancorp pushed the Buffalo, N.Y., company's fourth-quarter profit lower.

International events like the Davos economic forum should remind business leaders of the importance of being stewards and of having workforce diversity.

Mackinac Financial in Manistique, Mich., has agreed to buy First National Bank of Eagle River in Wisconsin.

Still facing revenue challenges, Regions, PNC and U.S. Bank vowed to reduce overhead in 2016. The cuts are less about bolstering short-term returns than funding investments in cutting-edge technologies or new products and services to remain competitive.

First Midwest Bancorp in Itasca, Ill., plans to close branches and sell unwanted real estate as customers shift to online banking.

Citigroup, which pioneered the era of global megabanks before almost collapsing in the financial crisis, just slid behind Wells Fargo to rank as the nation's fourth-biggest lender.

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

Acquirers are starting to look more closely at a seller’s commitment to cybersecurity to avoid reputational and operational risk.

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