Finance

The money will help moderate- and low-income communities in Detroit and Cleveland.

The Western Michigan city has been a hotbed of credit union activity given its low unemployment rate.

Global fintech Ebanx is partnering with Uber to enable consumers in Brazil to pay for the ride-sharing service by topping up their Uber Cash balance with the country's voucher-based payment system.

Japan’s Mitsubishi UFJ Financial Group Inc. is investing more than $700 million in Southeast Asian ride-hailing giant Grab, gaining access to millions across the region that use the mobile app to book cars and meals.

The game has changed and bank executives will have to do more homework before striking a deal.

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.

The bank's announcement that it will slash about 35,000 staff and take $7.3 billion of charges prompted its stock to tumble and renewed questions about the bank's direction and lack of a permanent CEO.

More than two years after NCUA OK'd securitization deals, the Tampa-based credit union is moving ahead with a transaction that could pave the way for others in the industry.

A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.

Want to satisfy regulators and better compete with the big banks? Here's where to start.

Fort Worth City CU returned money to members who saved and borrowed from the credit union last year, though net income was down amid an increase in charge offs and delinquencies.

The Raleigh, North Carolina, institution's payout for 2019 was 12% higher than the previous year.

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.

The fintech, which translates foreign credit reports to help immigrants get loans, says it has raised millions from venture capital firms and celebrities like Alex Rodriguez and U2's The Edge because its product addresses important economic and social needs.

Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.

Western Union's online strategy is paying off, as web transfers help overcome softness in troubled local markets.

The Rhode Island-based credit union also returned a patronage dividend to members for the 31st consecutive year.

Brandee McHale will be president of the Citi Foundation and oversee the company's community development, inclusive finance and impact investing teams.

Ed Skyler, the bank's global head of public affairs, says a newly established $150 million fund will make equity investments in firms seen as having a positive impact on society.

Whether it’s an online sale or a corporate supply chain, the need to silently transfer and convert currencies is inspiring a mix of rapid product development and investment.