Bank of New York Mellon, the custody bank under pressure from activist investor Trian Fund Management to lift its share price, declined the most in nine months after reporting fourth-quarter earnings that missed analysts' estimates.

State Street said fourth-quarter profit fell 3.7% as expenses rose faster than revenue.

Capital One acquired Level Money, a startup with a budgeting app for consumers, on Monday. Level Money has approximately 700,000 users and claims to have helped users manage a total of $12 billion during its brief existence.

Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.

While 79% of mortgages nationwide were for primary residences, 92% of credit union mortgage loans fall into that category.

A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.

There are existing ways to authenticate third-party permissioned data access that don't involve screen-scraping or expensive token-based systems.

At best, artificial intelligence will be a tool that helps good bankers be better at their jobs. It won't replace them.

The Federal Reserve's final rule severely restricting the ability of state member banks to engage in crypto-related activities was released without a legally required period of notice and comment.