Finance

Payments software company SpotOn Transact has completed a $50 million funding round that included investments from 01 Advisors, a firm founded by former Twitter executives.

Banks with the most exposure to oil and gas companies say they’ve added capital and changed their borrower mixes since the 2015 market fall. But skeptics question whether they can stave off losses if low prices endure.

There may only be so much institutions can do if the outbreak affects borrowers' ability to repay credit.

The Consumer Financial Protection Bureau says the Cincinnati bank engaged in aggressive sales practices and open bank and credit card accounts without consumers' authorization in order to meet sales targets.

The outbreak and a free fall of oil and stock prices are rattling bankers at this year's ICBA gathering in Orlando, Fla.

Membership growth is slowing and expenses are up. But it's not all bad news.

Most states have some kind of pricing limit on consumer loans. But proposals for a national usury law divide even Democrats, some of whom are concerned about restricting credit.

As part of its financial inclusion campaign, Mastercard has partnered with Moneytrans to launch remittance-linked checking for migrant workers with a goal of obtaining 1 million users by 2025.

With International Women's Day on Sunday, March 8, shining a spotlight on female leadership, it's a good opportunity to highlight the 42 dealmakers on Mergers & Acquisitions' 2020 Most Influential Women in Mid-Market M&A

The Federal Reserve has voted unanimously to cut the interest rate 50 basis points to 1.10% effective March 4, in the first emergency rate cut since 2008.

The Exton, Pa.-based credit union grew its commercial real estate and credit card lending in 2019 from a year earlier.

Some institutions have taken steps to ensure their websites meet accessibility standards, but experts say many credit unions could still be doing more.

An effort by the Federal Housing Finance Agency to examine membership rules for the Federal Home Loan Bank System is reigniting an argument over whether to allow more nonbanks in or impose tougher barriers.

San Diego County Credit Union saw membership rise 4.5% last year, but net income was down due to decreased loan volumes, increased charge offs and higher operating expenses.

E-Trade could add about 30 basis points to a key capital ratio once the deal closes, Jonathan Pruzan says.

The San Francisco bank has revised its guidance downward, while also cautioning that an outbreak of the coronavirus could take an even bigger bite out of profits in 2020.

The decline in net interest income was among the reasons year-over-year profits at the U.S. operations fell for the first time since 2012.

The growth and monetization of Square’s Cash App boosted the company's quarterly earnings, along with the sale of its food delivery unit Caviar.

Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.

National Credit Union Administration board member Todd Harper also emphasized the risks of poor succession planning during remarks on Wednesday.