The Latest

Royal Bank of Scotland Group has agreed to pay $500 million to the state of New York after a $5.5B agreement last year with the FHA, and another probe is pending.

The California-based credit union cited ‘confidential personnel matters’ but did not specify a reason for the departure.

The merger in Massachusetts is the latest in the consolidation of the credit union movement, as another tiny credit union is acquired by a much larger counterpart.

Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of the quarter.

The Federal Home Loan banks could "design and implement" their own system for deciding how to allocate resources for affordable housing initiatives under the proposal by the Federal Housing Finance Agency.

Issuers and investors in initial coin offerings for digital coins appear to have something else to worry about besides the increased scrutiny of regulators.

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

Hutchinson, Kan.-based Central Kansas Credit Union has signed an intent-to-merge agreement with Wichita-based Credit Union of America.

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

Comdata, a major issuer of fuel cards in North America, has established a partnership with payments processor Noventis to expand the range of Comdata’s suppliers that can accept payments through virtual cards to further reduce reliance on paper checks.