Finance

The regtech firm Arachnys, which recently raised $10 million from QED Investors and others, draws from a collection of 23,000 data sources to help banks protect themselves from money launderers and other criminals.

Net income soared 32% thanks to higher interest rates that contributed to a wider net interest margin and its most interest income in a quarter in years.

BofA hasn’t taken advantage of the benefits of owning Merrill Lynch; weakness seen despite stronger bank earnings.

Citigroup spent years reeling in customers with promotional rates, many of which have expired or soon will. The bank thinks it can keep a large number of those customers and make more money off of them.

Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns.

Federal regulators shuttered the institution, which had just $3 million in assets, after it became insolvent with no viable path forward.

A sullied reputation and frustrations with bureaucracy have driven some advisers to the competition.

The largest U.S. bank's strong third quarter did not insulate its leaders from being pressed about the downside of pricey investments in technology, whether capital rules make commercial lending growth hard for big banks to achieve, and whether another economic downturn is edging closer.

A $245 million funding round for the payments processor Stripe contributed to heavy venture capital investment in the third quarter.

Double-digit gains in interest and noninterest income more than offset higher deposit, compensation costs.

Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump.

The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits.

JPMorgan and Citibank post better-than-expected results; Adding workers and promoting its charitable efforts, the bank hopes to win favor.

The biggest U.S. bank leaned on old-fashioned lending in the third quarter to weather a slump in fixed-income trading.

The Montana company will spend $200 million to buy Idaho Independent and Community 1st Bank.

Companies founded by women receive significantly less than the venture capital available to all U.S. firms, but trends are improving for all startups this year, including for women-owned fintechs.

Efficiency gains also drove results at the Kansas City, Mo., company.

The company agreed to buy Mainland Bank for nearly $20 million in stock.

The company’s stock plunges after Sarah Friar’s departure announced; the bank said it unintentionally withheld mortgage discounts from minority borrowers.

The third interest rate increase of the year could have a significant impact on banks' lending, deposit gathering and even M&A decisions. Here's what to expect.