Despite growing concerns about fraud, bankers and credit union lenders say PPP provided a crucial source of capital, backstopping the economy as it faced an unprecedented challenge from the pandemic.

Marqeta's new CEO faces steep challenges in dismantling the fintech's heavy dependence on Square and finding alternative sources of revenue as consumer spending slows.

Banks and credit unions compete head-to-head in many markets, so credit union CEOs take advantage of bank earnings season to gain a little extra intel. But many will scour first-quarter results as closely as ever to determine the impact of the banking crisis on deposits flows, lending and the overall economy.

The Columbus, Ohio, company expects to record a pretax gain of $57 million from the transaction, which will more than offset the costs of two other recently announced initiatives.

IntraFi, R&T Deposit Solutions and other companies help banks capture and insure the entirety of their customers' balances — a cogent need in the aftermath of SVB.

Lexicon Bank's cautious approach to its balance sheet helped it weather the pandemic and avoid some of the mistakes that plagued other failed banks.

Eric Rosengren, who stepped down as CEO of the Federal Reserve Bank of Boston in 2021, has been elected an independent director of Berkshire Hill Bancorp. He's its second new board member this year.

Police identified the gunman as Connor Sturgeon, a bank employee who used a rifle to kill four people inside the bank. He was later killed by police, according to the authorities.

Klarna, Fiserv, Worldline and other tech firms are using artificial intelligence-powered systems such as ChatGPT to modernize their offerings.

Carrie Tolstedt, the former Wells Fargo executive facing criminal charges for the phony accounts scandal, entered a "not guilty" plea at an arraignment hearing Friday afternoon.

The transition from a rules-based regulatory system to a principles-based regime requires a change in mindset. Box-ticking no longer gets the job done.

Lenders are bracing for more companies to fall behind on their loan payments. That could create more opportunities for banks to dispose of these nonperforming credits through an Article 9 sale.

The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.

Recent deposit flows raise questions about the Fed's support for these funds through its overnight lending facility, and whether that support is doing more harm than good.

JPMorgan's board of directors recommended shareholders reject three proposals for the bank to divest from fossil fuels, set new emissions reduction targets and detail 2030 decarbonization plans.

Some concerns linger over the sector after Silicon Valley Bank's collapse last month. The most pressing worry now, analysts say, is not whether banks will survive but how much money they'll make in the coming months.

Despite numerous changes to the Consumer Financial Protection Bureau's final rule on Section 1071 of the Dodd-Frank Act, lenders worry that expenses associated with reporting small-business lending data will cause smaller institutions to end their underwriting programs.

The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the Consumer Financial Protection Bureau found. 

JPMorgan Chase, Wells Fargo and Mastercard will extend Hello Alice's do-it-yourself "business health" score to entrepreneurs looking to improve their creditworthiness.

The founder of the defunct fintech that provided online college financial aid services was charged with fraud for inflating the company's customer base ahead of being acquired by JPMorgan.