Finance

VC firms Capital 300 and Draper and Associates have made a Series A investment in Authenteq, a identity security firm that uses blockchain, which is gaining steam as a means to support digital ID.

CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets.

Though it would be based in the nation's capital, MOXY Bank would also have significant operations in Charlotte, N.C.

On Sep. 30, 2018. Dollars in thousands.

The South Carolina institution has returned more than $31 million to members over the last 22 years.

Citigroup Inc. gave investors the first look at how Wall Street banks fared during the violent market swings at the end of 2018 — and it’s grim.

Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers.

Three credit unions will receive $18,000 each and work with the Center for Financial Services Innovation to track the strength of certain products and services.

Some big investors think the recent selloff in bank stocks is overdone; despite new ways to pay, credit cards still dominate.

As government employees carry on without pay, Cabrillo Credit Union and others must balance liquidity concerns with staying out of a political fight.