Finance

Blue Hills Bancorp in Massachusetts completed a second-step conversion and was poised to bulk up on acquisitions. It struck its one and only deal this fall — and it was not the kind it had in mind.

Wells Fargo explains to the "girls" that there really is no gender bias, but that guy is retiring, OK? Rana Yared is one of Goldman Sachs' 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups.

The Mississippi bank will pay up to $100 million to expand in southwest Alabama and Dallas.

While they won’t be in position to enact legislation, House Democrats could use their newfound power to spotlight issues that Republicans have largely ignored, including the exploding levels of corporate debt.

The Federal Reserve is paying close attention to how it might regulate artificial intelligence and machine learning, Fed Gov. Lael Brainard said in a speech Tuesday.

The company will also restate financials for the first half of 2018 to correct how it classified cash flow activities tied to commercial mortgage warehouse lending.

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $13.6 million. The group has to bring in at least $25 million.

The payment terminal maker Poynt, a rival to Square and other hardware providers with customized software applications for merchants, has raised $100 million in a Series C funding round with strategic partners Elavon and National Australia Bank.

Serial neobank entrepreneur Anthony Thomson is building his third institution, this one in Australia. Here's what he's learned about the industry as he embarks on another run.

Barclays is leveraging its global network of offices and its business expertise to sponsor fintechs through its Accelerator programs in London, New York and Tel Aviv.

UBS Group sold tens of billions of dollars' worth of residential mortgage-backed securities by "knowingly and repeatedly" making false and fraudulent statements to investors about the loans backing those trusts, the U.S. Justice Department said in a civil suit filed Thursday.

As companies mature out of their startup phase, their sales growth curves begin to flatten and costs start to rise — unless, of course, they change their business model. And that’s exactly what Square is doing to maintain its startup-style growth.

Square gave an earnings forecast in the current quarter that missed analysts’ estimates, amid increasing spending on new products beyond its central payments processing business. The profit projection outweighed a strong sales outlook, sending shares down in extended trading.

One of the world's biggest banks wants to boost profits by cutting out voice brokers acting as middlemen in the largest derivatives market.

The credit union hsa been a Sharetec client for five years but was stuck in a contract that left it unable to convert until now.

The Mississippi company will pay $86 million for seven branches with $318 million in deposits.

The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems.

Promontory Financial Group CEO Eugene Ludwig says AI tools can remove the risks — and discrimination — involved in opening the U.S. financial system to newcomers.

The Atlanta-based technology provider has added five new CUs this year as it expands its suite of product offerings.

The New York-based online lender plans to spend an additional $15 million next year, largely on bank partnerships and international expansion.