Finance

On Sep. 30, 2019. Dollars in thousands.

Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks.

Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.

Organizers of Founders Bank in Washington still need to raise at least $25 million before opening.

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

The Tulsa-based credit union reached $2 billion in assets at the close of 2019. It hit the $1 billion mark in 2011.

The Pennsylvania company will pay $80 million for the parent of USNY Bank.

From the presidential election to Supreme Court cases, growth strategies and more, these are the issues that could define the next 12 months.

With loan demand weak due to factors beyond their control, small-bank execs can expect to field lots of questions about capital and expense management.

The Alexandria, Va.-based credit union's growth was partly driven by strong earnings through the first three quarters of 2019.

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

The company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit.

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said.

Premier Federal and Educators Credit Union together returned more than $3.7 million to members on the strength of their 2019 performance.

The term “Amazon effect” is a term increasingly used to represent a digital-first business model where interactions with partners and customers centers on web-based application programming interfaces.

Organizers of TYME Bank aim to take advantage of consolidation taking place around Texas.

While his focus is on organic growth in Texas and California, Curt Farmer says he would consider a deal in those states if the right one comes along.

Whitefish FCU in Montana and Hanscom FCU in Massachusetts have both returned money to members on the strength of those institutions' 2019 performance.

The Maine-based credit union saw several successes this year despite a slip in net income.

Still trying to figure out whether to build gateways to your bank's data and systems? Here’s why you should transition.