Finance

Nationwide Building Society is investing in the U.K. fintech charity app Percent, broadening Nationwide's support of charities and expanding Percent’s user base beyond its traditional core segment of students and young adults.

The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations.

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

Negative benchmark interest rates are becoming commonplace in Europe and Japan. Here’s what US credit unions need to know in case that happens here.

Bank of Montreal's drive to improve efficiencies has come with a cost: C$357 million, along with more job cuts.

The cloud-based payment network Rapyd is adding the newly founded venture capital firm Durable Capital as one of its investors.

The cloud-based payment network Rapyd is adding the newly founded venture capital firm Durable Capital as one of its investors.

PiNG Bank, which would be based in Jersey City, is being proposed by former bankers at Cross River Bank, Citigroup and Bogota Savings Bank.

The company agreed to pay $41 million for Victory Community Bank.

Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, and the maximum for most high-cost areas will be $765,000.

The New York-based institution has returned more than $8 million to members since 2003.

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream.

One-time expenses at a handful of large banks marred an otherwise solid quarter, while higher charge-offs point to possible credit-quality concerns.

In the Fed's quest to bring inflation back to its 2% target, Gov. Brainard recommended pursuing a policy she called “flexible inflation averaging.”

Profits dipped 7% from a year earlier but banks still earned nearly $60 billion, the agency said in its Quarterly Banking Profile.

Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said.

Several banks have reported spikes in substandard loans, special mention credits and watch-list relationships. What does it all mean?

A 10% cut next year, which will be identical to the fee reduction this year, is projected to save the industry about $85 million.

India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s Vision Fund and new investors, as competition in the country’s finance sector heats up.

Banks need to manage margins more actively — including the use of new modeling technology — in the current low-interest-rate environment.