Strategic planning

The company, which provided few details about the possible fraud, plans to hold a conference call Friday.

The announcement comes a day after the company's board announced a series of corporate-governance improvements.

Royal Bancshares in Pa. made tough choices to avoid collapse during the financial crisis

The Livingston, N.J., company took a big hit in the fourth quarter as it continued to divest certain business lines and restructure its operations.

Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased.

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses.

The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter.

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

Larry Mazza, MVB’s chief executive, joined the board at BillGO.

There is optimism that consolidation could bounce back from a lackluster 2016 as bank stocks rally. At the same time, expectations of regulatory easing and tax reform could entice more banks to stay independent, at least in the short term.

F.N.B., Iberiabank and Simmons First are among the banks entering new regions. A growing need for scale and increased use of technology are among the reasons for their aggressive moves.

Joseph Campanelli has run large publicly traded companies such as Sovereign Bancorp and Flagstar, but he seems more energized after agreeing to become CEO of Needham Bank, a depositor-owned mutual in Massachusetts.

An ACL client with hundreds of U.S. employees recently began requiring its workforce to use Uber for all business travel-related cab rides, after ACL revealed how Uber’s geolocation data could be correlated with the details of employees’ expense reports.