The British challenger bank Mondo raised $1.4 million in 96 seconds, it announced Thursday.

Michael Lesler resigned as CEO and president of the $803 million-asset company, it said Thursday.

A new survey from seven regional Federal Reserve banks found that many small businesses are going online to access credit. But even when they are approved, applicants often end up dissatisfied because the loans carry high interest rates or have unfavorable repayment terms.

The agency recently cited providing equal access to small-business loans as one of nine top priorities for the next two years, saying it plans to build a team dedicated to the issue and infrastructure "to intake and analyze small-business lending complaints." But bankers worry it may go too far.

BankMobile has launched a podcast series focused on financial literacy and self-help tips.

Lenders are becoming more reluctant to share closing documents with real estate agents now that they have more responsibility for them, the National Association of Realtors claimed Thursday.

Great Western and HF Financial spent nearly four months going back and forth over their merger's terms in the midst of a swoon in overall stock prices. Negotiations included at least six changes in the proposed price and five proposals for the termination fee.

Wells Fargo and Tangerine Bank are among those trying new communications tools that bring human conversations back into the channels where people bank by swiping and tapping.

Bank of America's mobile app can do almost everything that used to require a branch visit, says Michelle Moore; Lebenthal and four other women-owned firms land a big deal on Wall Street; Sallie Krawcheck joins the board of Blythe Masters' blockchain startup; Morgan Stanley's Carla Harris says both skills and spirituality contributed to her success. Also, the woman Obama is considering for the Supreme Court seat.

Carver Bancorp in New York has named Christina Maier its chief financial officer. Maier succeeds David Toner, who resigned from the $754 million-asset bank last month to pursue other opportunities

Total U.S. bankruptcy filings fell 1% to 64,662 in February compared to 65,064 in February 2015, according to the American Bankruptcy Institute, based on data provided by Epiq Systems.

Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog supervising the process said Thursday.

DCB Financial in Lewis Center, Ohio, has given its chief executive the added title of chairman.

Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog overseeing the process said Thursday.

The $8.2 billion-asset company will issue about 4.9 million shares at $14.50 apiece, according to a news release Thursday.

The earnings releases for the vast majority of publicly traded banks with less than $10 billion in assets raise more questions than answers for investors.

Debt-buying giant Encore Capital Group has announced it expanded its consumer Bill of Rights to identify customers on active military duty, thus halting all collections on their accounts.

Complying with legal and credit bureau criteria for data furnishers is just one of the compelling reasons why a marketplace lender may take a pass on reporting credit data.

HCSB Financial in Loris, S.C., said Jan Hollar would become its chief executive after a $45 million recapitalization led by Castle Creek Capital Partners.

During the fourth quarter of 2015, U.S. auto loans carried longer terms, while average monthly payments rose, and a larger percentage of loans went to less creditworthy borrowers, according to a new report from Experian Automotive.