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Bank of America is offloading some margin loans after losing $292 million on soured credit to the former chairman of Steinhoff International Holdings, according to people with knowledge of the matter.

A partnership between SumUp and iZettle to provide mobile card readers will help the Church of England offer contactless, virtual terminal and mobile payments to its congregations.

The Indiana-based credit union made significant gains in membership, lending, assets and more.

Amazon.com Inc. has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys “R” Us Inc., according to people with knowledge of the situation.

As policymakers take another crack at housing finance reform, federal leaders and the housing lobby are once again perpetuating the false notion that ending government guarantees would cause the 30-year, fixed-rate mortgage to vanish.

The San Juan company disclosed an error in the way it calculated the provision for losses in its commercial loan book.

Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade.

Three unnamed "senior" employees helped the SEC win a $415 million settlement from the bank; Sherborne Investors takes a 5.2% stake in the British bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. regulators push for global fintech tests; Trump bans Venezuela's state cryptocurrency; Facebook ups its game against Patreon; Cryptocurrency regs can be confusing.

The Berlin company hopes to shake up the U.S. market with real-time, mobile-first, millennial-friendly banking, and the new infusion of cash from Allianz and Tencent will help.