Jacob Passy

RBS' Litigation Costs; Community Bank Relief Bill

China UnionPay and Visa signed a memorandum of understanding Thursday to jumpstart collaboration between the two companies.

The Independent Community Bankers of Minnesota said Jim Amundson will be its next president and chief executive.

Banks Cop to Energy Woes; Regulators Warn Against Russian Deal

U.S. Bancorp announced executive moves at two of its payments units: Jamie Walker was named chief administrative officer for U.S. Bank Payment Services, and Bradley Herring was hired from Fiserv to succeed Walker as CFO of Elavon, U.S. Bancorp's merchant acquiring arm.

Carolina Alliance Bank in Spartanburg, S.C., has exited the Small Business Lending Fund program.

The chief financial officer at Synovus Financial in Columbus, Ga., plans to retire later this year.

ACI Worldwide has begun to lend a hand in The Clearing House’s effort to create a real-time payments system in the United States.

Enterprise Car Sales helped rev up auto lending among its credit union partners, generating roughly $500 million in auto loans during 2015.

Flagstar Bancorp in Troy, Mich., has launched a national homebuilder lending platform.

AIG Makes Peace with Activists; HSBC Ends Salary Freeze

Banks stocks fell further than the overall market yet again Thursday, as concerns about negative interest rates, the energy sector and other matters showed no signs of abating.

U.S. Bancorp has hired John Steward as president of its retail payments solutions division.

U.S. Bancorp has hired John Steward as president of its retail payments solutions division.

Hawaii Central Federal Credit Union and The Queen's Federal Credit Union, both based in Honolulu, have merged.

Can Fed Go Negative?; BNP Paribas Cold on Energy

Standard & Poor's Ratings Services is warning banks with high levels of exposure to the energy industry to think twice before ramping up their lending in other sectors.

The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer.

The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer. Her hiring comes as the $4.8 billion-asset company works to shore up its risk and compliance management.

CFPB Pushes Banks on Small Loans; Yellen at Congress