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Following regulatory stress tests, three midsize institutions expect to be required to maintain larger stress capital buffers. The reverse is true for four of the nation's largest banks.

The president said he would begin a new process to provide relief under the Higher Education Act and would also create a 12-month "on-ramp repayment program" that would help borrowers reduce the threat of default.

The KBW Bank Index gained more than 5% in June, marking its best period since January, before several high-profile bank failures.

The San Antonio bank says it will open 17 new financial centers in the Austin region by 2026. It's the latest step in a physical expansion strategy that has led to dozens of new branches in Houston and Dallas.

Wells Fargo leads $70 million funding effort targeting credit-challenged entrepreneurs; PayPal adds Tap to Pay for Venmo, Zettle; Amex names new CFO to succeed retiring veteran finance chief and more in this week's banking news roundup.

The two companies will work together on software and services for joint clients.

The card brand's Multi Token Network supports transaction authentication for blockchains and other new electronic payment options.

The changes, which are being discussed as part of a sweeping review by the Federal Housing Finance Agency, would amount to the most dramatic reshaping of the $1.6 trillion system in decades.

CCFNB Bancorp and Muncy Bank Financial, which said they were combining forces in April, have opted for a bigger rebrand.

With LIBOR's long-awaited sunset, the future of interest rate benchmarking must be defined by choice.