Finance

After two consecutive quarters of losses, People's Choice FCU will merge into CityMark FCU when its longtime CEO retires this fall.

The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns.

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.

With declining interest rates, credit unions that rely heavily on interest income from their investment portfolios may struggle.

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.

Credit unions across the pond are hopeful that they will be able to push their legislative priorities once Parliament is no longer preoccupied with Brexit.

Checkout-free technology is very limited in availability and very much a work in progress, but developers and investors are relying on its promise to accelerate payments' broader evolution from streamlining execution to determining intent.

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.