Finance

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.

The approach could work as long as the Fed were to add certain thresholds.

Credit quality is being second-guessed after several banks reported higher 2Q charge-offs.

The Senate is also expected to pass a budget deal that will increase spending and suspend the debt ceiling.

On Mar. 31, 2019. Dollars in thousands.

Thanks to its newly started bank, Ameriprise's 10,000 financial advisers will soon start offering direct services like deposits and mortgages.

Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements.

Lending at credit unions in the Peach State increased by just 0.2%, down from 0.8% growth recorded a quarter earlier.

Several small and midsize banks say they are losing borrowers to rivals and worry the trend could get worse as interest rates decline.

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020.

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.

The Michigan-based institution also recorded increases in earnings, deposits and membership.

The firm joins $40 billion “technology megafund” sponsored by SoftBank Group; company says partnerships are taking longer than expected to bear fruit.

Gone are the Wild West days of Facebook, when the company could do whatever it wanted with little worry of regulatory or earnings repercussions. And as the social network embarks on its Libra currency project, its toughest days loom ahead.

The P2P service, based on the time its users spend with it, has the capability of luring users into other services attached to Venmo.

The heads of the island's largest banks are worried that ongoing protests over government corruption and other scandals are a setback to an economy slowly rebounding from the devastating hurricanes of 2017.

The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady.

The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision not to hire Andrea Orcel if he sues.