Finance

Utilizing AI and automation will help stop hackers and reduce repetitive jobs, allowing institutions to save money and reinvest more into products for members.

A big splash by Fifth Third, a bid by WSFS to reinvent itself and some bold long-distance expansions highlighted a year where deal activity held steady but premiums rose.

Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown.

Prometheum may succeed whether others have failed because it has attempted to work closely with regulators.

Amid rising rates and a surge in lending, credit unions will need to find additional sources of deposits to fund growth.

Bank of America is loosening the reins on its investment bankers, sending out dealmakers in search of more middle-sized transactions in the U.S. and seeking to regain market share after cutting back on risk.

Good Money just raised $30 million and is a year away from launching, but already is raising concerns for its trash-talking of established players.

Stock Yards will remove a competitor in Louisville, Ky., and enter two markets outside of the city.

The Indiana-based institution has increased its starting pay for the last three years.

The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks.

The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.

The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.

The sale should increase Shore's capital levels and allow it to expand its banking activities.

As Congress races to fund the government, a criminal justice reform bill could also include the STATES Act, which would provide safe harbor for credit unions serving the legal marijuana industry.

The Minnesota-based institution expects to $10,000 per month by switching its core systems.

Malaysia files criminal charges against Goldman Sachs over 1MDB; Wall Street banks hit by market volatility while small banks face margin compression.

TransferGo will use the funding to fuel international expansion and increase market share particularly across Turkey, India, Ukraine and Russia.

The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

Virginia Partners will operate as a separate bank unit after the deal closes.