Finance

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.

The Florida bank's placement of all taxi loans on nonaccrual status in recent months strengthened its bottom line in the first quarter.

The Missouri company reported strong loan growth that also reflected a spike in factoring activity.

The Florida company is also set to enter Alabama as part of the $360 million purchase.

The company agreed to buy Landmark Bancshare in Marietta, Ga., for $115 million.

Double-digit gains in the bank's two largest loan categories offset declines in commercial and home loans.

Its decision to hire a consultant to trim expenses highlights the difficulty regionals face in making long-term technology investments in a low-growth era.

The Ohio bank's total deposits grew, unlike at some other regionals, and CEO Stephen Steinour said its 28-basis-point increase in overall funding costs will pay off.

AssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients.

CIT took a $22 million hit on a business loan, and overall loan growth was tepid.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter.

Double-digit consumer-loan growth more than offset a decline in commercial real estate loan balances.

John Chiang says the bank “reeks of betrayal” a day before the bank’s annual meeting; the former chair of the CFTC has doubts about cryptocurrencies.