Finance

More than half of the new depositors the online bank added in the fourth quarter are millennials.

In addition to closing on its largest acquisition to date, the Tulsa, Okla., company reported double-digit growth in energy, health care and commercial real estate loans.

The U.S. e-commerce explosion is driving about $150 billion annually in returns, and Returnly is riding the trend with a service to eliminate the waiting time for consumers to receive funds from items they plan to return to the merchant.

Reliance Bancshares was in a position to reject five buyout offers over the course of a year before it got one it liked.

Apple's recent smartphone revenue decline contrasts with strength in wearables and services, making these alternative venues increasingly important to Apple Pay's continued success.

Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

The Las Vegas-based institution has returned more than $63 million to members in the last 19 years.

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served.

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna and PayPal Credit.

Earnings fell well short of analysts' estimates due in part to a 28% increase in interest expenses.

A new report from Cornerstone Advisors finds credit union executives aren't all that bullish on the year ahead, while banker optimism is back on the rise.

Mobeewave, a provider of in-person contactless payment acceptance software, is getting an investment from Samsung Venture Investment Corporation that pushes a recent Series B funding round led by NewAlpha, Mastercard and Forestay Capital to nearly $20 million.

The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.

The parent company of Silicon Valley Bank predicted a strong year, saying the high-tech and other niches it serves are built to withstand current economic uncertainty.

Discover leaned heavily on rewards to drive new card acquisitions and sales growth in the fourth quarter, but suffered a double whammy of rising reward costs and higher charge-offs, causing it to miss analyst earnings expectations.

Delinquencies, which are on the rise across financial services, clouded an otherwise solid quarter for Discover Financial Services.

The Pennsylvania company said it expects the digital bank to become profitable by the end of this year.

An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company.

The Financial Services Committee also announced the head of a newly created subcommittee on diversity and inclusion.