Finance

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.

The legislation follows passage of a similar bill in the House and would push back implementation of NCUA’s risk-based capital rule to 2021.

Cloud-based point of sale company ShopKeep is in a fierce fintech battle to woo tech hungry restaurants, and has closed a $65 million round of equity and debt financing to bulk up technology and broaden its geographic footprint.

When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away.

Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.

Pennsylvania-based institution will give back $600,000 to members next month.

The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

Kleiner Perkins and Ribbit Capital led an $80 million funding round in Viva Republica, the South Korean maker of the popular P2P payment app Toss.

The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.

KKR, which has a substantial financial services portfolio, has made a $75 million equity investment in Cross River Bank, part of an overall $100 million capital raise. Cross River will use the funds to expand the technology and compliance infrastructure that it provides to fintech organizations.