Finance

The Indiana-based institution saw net income rise nearly more than 7% last year, along with other gains.

Point of sale credit can be an alluring option for consumers who are normally averse to taking on debt. The allure is also enough to draw support from one of Australia’s largest banks and the digital merchant acquiring giant Stripe.

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

The digital-only bank found customers are anxious about their inability to set aside money, so it decided to offer automated savings tools, consumer chief Diane Morais says. It is one of the larger companies to do so.

Some of the year-over-year drop in net income can be attributed to higher-than-normal figures in 2018 and costs associated with opening three new branches in 2019.

The credit union can now serve consumers in two additional counties.

Fare payments software provider Masabi has completed an investment from Shell Ventures as an extension to the fintech's recent $20 million growth fund through Smedvig Capital and MMC Ventures.

The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss.

Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC.

The Mississippi company will pay $49 million for Traders & Farmers Bancshares.

An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.

Investors have made a $10 million bet on Stori, which is pushing mobile money over a branch network to bring more consumers into Mexico's banking system.

Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year.

Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.

The Maine-based credit union also grew membership last year to the point where it now serves nearly 40,000 consumers.

The bank’s former Asia investment banking co-chief is its third executive to be so punished; the agency says Telegram’s digital coin is a security.

Certain loan segments are showing signs of deterioration, but consumer lending and digital banking are bright spots. Meanwhile, bankers are eyeing opportunities to improve efficiency, add scale and take advantage of M&A disruption. Here's what to expect from smaller regionals in the year ahead.

The regulator said the investment bank and financial services company will help in the process of strengthening Fannie Mae and Freddie Mac’s capital standing for their eventual exit from conservatorship.

The California company will pay $1 billion for Opus, a once highflying bank that struggled with credit issues in recent years.

The expansion comes after a year in which net income at the Nashville-based credit union dropped by more than half amid a rise in delinquencies and charge offs.