Finance

The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce.

The New York-based credit union has returned more than $7.6 million to members since 2003.

MyBucks and its New Finance Bank subsidiary have opened 4,200 digital banking accounts and provided 72 loans at a Malawi branch said to be the first of its kind in a refugee camp.

If the predictions prove correct, the benchmark rate would reach 3.50% by the end of next year.

Record bank profits could make it tougher to get more regulatory relief; banks monitoring older clients’ mental health.

Ron Quaranta and Steve Ehrlich with the Wall Street Blockchain Alliance talk about what’s working and what’s not with financial services blockchain projects.

SoftBank Group Corp.’s Vision Fund will invest $2 billion in South Korea’s Coupang, giving the e-commerce giant funds to accelerate development of new shopping and delivery services.

Banks earned $62 billion in the third quarter thanks to tax reform and higher asset yields, while the Deposit Insurance Fund crossed a statutory threshold.

Earlier this year Ripple announced that it has dedicated $50 million toward the University Blockchain Research Initiative, partnering Ripple with 17 universities around the globe from the U.K. to Brazil, with the aim of accelerating new innovations in blockchain and cryptocurrencies.

Andrew Keys, co-founder of the venture capital firm ConsenSys Capital, has a vision of the future bankers might find chilling, in which banks and other middlemen are cut out of financial services.