Finance

The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million.

Record originations on "better-yielding" used-car loans helped drive a 14% increase in its first-quarter profit. But Ally's shares were down Thursday on concerns of rising deposit costs.

Ant Financial Services Group has formed a strategic partnership with bKash Limited, the mobile payments platform Bangladesh’s central bank established to expand financial inclusion.

Visa CEO Alfred Kelly is less publicly adversarial toward market rival PayPal than his predecessor Charlie Scharf, even as Visa's push for a "single button" for online payments seems to undermine PayPal's business model.

The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said.

Bank’s net income plunges, will focus on Europe growth; FTC says the company charged hidden fees.

Mobile and other technology are changing payments and financial services quickly, leaving legacy systems and processes challenged to keep up, writes Ignacio De Marco, CEO of BairesDev.

Spending on Visa Inc. debit cards — the favored plastic of the younger set — continues to grow at a faster clip than on credit.

Double-digit growth in personal loans and record wealth management revenue also helped the Tulsa, Okla., beat earnings forecasts.

The company, which reported a slight decline in loans, lowered its expenses during the first quarter.