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Toronto-Dominion Bank’s U.S. personal-banking business benefited from continued strength in the housing market and robust credit conditions in the fiscal second quarter.

The deal between associations in Pennsylvania and Maryland will create a $5.9 billion-asset lender called Horizon Farm Credit.

Goldman Sachs’ Marcus, Synchrony Financial, American Express and Capital One Financial are among the banks that have recently raised their five-year CD yields. The price competition arrives as the Federal Reserve acts quickly to rein in inflation, spurring expectations that rates will continue to rise.

Seiffert, who succeeded longtime CEO William Wagner, orchestrated the company’s entry into Indiana and the sale of its insurance unit. Northwest reported a record $161.9 million profit in 2021.

The National Flood Insurance Program has been without a long-term reauthorization for five years, and it seems poised to stay that way after its first congressional hearing since 2019. 

Researchers may now have more leeway in helping banks uncover vulnerabilities to their systems, but legal gray areas remain.

The payments startup Bolt Financial is cutting staff, its CEO said in a message to employees on Wednesday. 

George's departure will come around the same time that Chicago Fed chief Charles Evans steps down. Both will have turned 65.

The number of acquisition announcements in April was less than half the level of a year earlier. Experts attribute this to stock market weakness, higher interest rates and elevated regulatory scrutiny.

In global news this week, U.K. regulators safeguard cash, Mastercard's CEO weighs in on SWIFT, Deutsche Bank debuts real-time B2B payments, and more.

We’re all entitled to our own opinion at work, but what if it starts impacting improvements and growth? 

The payments company Stripe plans to give customers access to bitcoin four years after suspending support for the cryptocurrency.

The invasion drew unprecedented sanctions and withdrawals from dozens of powerful payment firms. The conflict demonstrates how a financial response can be as devastating as a military one — on both sides.

Bank of Nova Scotia and Bank of Montreal, Canada’s third- and fourth-largest lenders, got a boost last quarter as the nation’s businesses increased borrowing to meet customer demand.

Clients of neobanks have more difficulty reaching service representatives than those of direct banks. Several firms are trying to change that.