The Latest

Samsung Pay users this week may begin transferring funds from two participating South Korean banks in the latest expansion of capabilities.

OneUnited is trimming branches and expanding digital offerings as it builds its brand as a backer of social justice that develops innovative products such as a Black-Lives-Matter-themed debit card.

MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes.

The move signals that the Justice Department is satisfied with the bank’s upgrades to its compliance systems after it was ensnared in a money-laundering scandal in Mexico.

Apple’s acquisition of Shazam demonstrates the potential for Shazam’s technology to do so much more than identify pop songs playing over a store's speakers.

House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few and far between.

The central bank's proposal would eliminate the use of a bank’s "strength of support assessment" ranking among other changes.

The industry derides the proprietary trading ban as costly, and the Trump administration has heard those concerns. Yet regulators must choose between subtle though expedient pin-prick changes versus a more drastic overhaul.

The two credit unions are based in Illinois and Texas, respectively.

The risks of fraud, along with the current reputation of such currencies as often being used for money laundering and other criminal activities, has caused worry in the market, writes John Verver, and advisor to ACL.