Finance

The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.

Both banks and credit unions in fact do a lot today to better the world. Collectively, they pour billions of dollars into their communities and causes that align with their respective mission, writes Elena Pierce, COO of In/PACT.

Banks are a primary market to be pursued by Blue Hexagon, which received $31 million in venture capital.

The company said the move reflects intense competition and a "significant decline" in origination volume.

Ingenico has hired a new chief financial officer with M&A experience, days before the embattled payments equipment and software provider's plans to announce lower-than-expected 2018 earnings.

Policymakers need to update banking regulations to minimize the risks posed by technology companies entering financial services, a well-known policy analyst says in a new paper.

BBVA Compass in Birmingham, Ala., reported 6% increases in loans and revenue, as strength in consumer loans and credit cards offset weakness in fee income.

Just as the Trump administration appears focused on releasing a framework without Congress, the Senate Banking Committee has re-entered the policy fray with a new proposal.

The Virginia company, which recently bought Access National, will become Atlantic Union Bank later this year.

The European Commission says eight unnamed banks operated as a cartel in the €7 trillion eurozone government bond market; authorities detected a 150-foot tunnel leading to a JPMorgan Chase branch in Florida.

The regional bank is roughly a third of the way to the 260 workers needed to staff the 25 branches it plans to open there over two years.

The new asset-based securities lending unit, based in Charlotte, N.C., will provide warehouse lines of credits to nonbank consumer and commercial lenders.

Featurespace wants to expand its fraud-fighting tool beyond its core audience of banks and payment processors to cover transactions across a broader industry spectrum including retail, gaming and insurance.

The Louisiana company got more aggressive with credit issues and recorded its final charge tied to addressing a regulatory order.

Venmo is not a moneymaker for PayPal yet, but that's not stopping the online and mobile payments giant from dreaming big about where its P2P service is headed.

The U.S. has long lagged in contactless payment adoption — despite aggressive efforts to bring the technology to market years ago — but there’s finally signs of a turnaround as more consumers and merchants get on board.

Wells says it's made progress but needs to do more to rebuild trust with customers and regulators; despite rate hikes by the Fed, big banks continue to effectively pay nothing in interest to savings customers.

Visa CEO Alfred Kelly said the company's earnings, though solid, could suffer if if politicians in Washington and London don’t resolve their biggest issues.

Ginnie Mae has restricted loanDepot's ability to securitize Veterans Affairs mortgages because of apparent churning of recent originations.