While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
Identity theft protection company LifeLock is coming under fire from the Federal Trade Commission for failing to adequately protect customers' credit card and bank account data, Social Security numbers and other sensitive personal information, among other allegations.
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Zelle owner Early Warning Services has completed a test of its digital wallet, which it sees as a tool to streamline payments and combat the rising tide of fraud schemes, including those driven by generative AI.
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Real-time payments and a potential central bank digital currency are different initiatives, but many bank customers get them mixed up. To promote acceptance of FedNow, banks must distinguish between these new technologies as well as dispel the myths and fears linked to CBDCs.
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How the next generation of payments technology is being developed in fields such as public transit, sports and long-haul trucking.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Assets overseen by registered investment advisers such as O'Brien more than tripled in the decade that ended Dec. 31, 2009, to $1.7 trillion, according to Cerulli Associates.
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Morristown Financial Group, the largest branch of LPL Financial in gross production, hopes a planned hybrid registered investment adviser will help it continue its heady expansion.
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Stuart Hendel is heading to Bank of America Corp.'s Merrill Lynch unit to head its global prime brokerage unit, the company said Monday.
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Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.
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Fixing the housing finance system is "the last piece of unaddressed business from the financial crisis," according to a summary of to-do items released by the Banking Committee's chairman.
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The acting head of the Federal Housing Finance Agency has promised substantial changes for Fannie Mae and Freddie Mac, but the exact mechanics and timeline of an administration plan are still a mystery.
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
Committees in both the House and Senate will hold hearings this week about debanking — a term that means different things to different people.
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The board’s original three-member structure was superior to the five-person model in use today. Here's why it should be reinstated.
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BNPL providers earn most of their money from their merchant partnerships, not late fees, as their critics claim.
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Under procedural changes recently adopted by the Consumer Financial Protection Bureau, the director could pursue more enforcement actions administratively without federal court approval. Financial firms may have a harder time defending themselves as a result.
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In a new survey, 28.4% of community banks said that regulation represented an "extremely important" risk, down from 44.1% last year.
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A new report links a surge in consumer complaints to two financial influencers selling dubious advice and products to millions of followers online.
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Don McCree, who has led commercial banking at Citizens since 2015, plans to retire next year. His successor, Ted Swimmer, who was in charge of capital markets, took over on Tuesday.
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The Fairmont, West Virginia, bank is taking a $7.6 million hit to rid itself of $73 million in long-duration, low-yielding securities, though the sale of its payments subsidiary the week before cushions the blow.
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House Financial Services Committee ranking member Maxine Waters, D-Calif., asked bank regulators to give banks the supervisory clearance to extend lines of credit and modify loan terms for federal employees furloughed after the government shut down last week.
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Federal Reserve Gov. Stephen Miran sidestepped whether policy setting pressure from the administration is a welcomed development, but reiterated that he wants to avoid succumbing to "groupthink."
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Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations.
In a break from a 20-year history marked by losses and scandal, California International Bank in Westminster is on pace for its biggest-ever profit, its CEO says.
The 23rd annual ranking of women leaders in the banking industry.
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