Finance

The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period.

Residents' low incomes usually disqualify them for standard student loan refinancings, but SoFi and other lenders describe these borrowers as strong credits with high earnings potential who could offset some of the risks lurking in student loan pools.

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

James Bennison, head of alternative capital markets at Arch Capital Group, says that a new insurance-linked security helps with regulatory capital requirements and provides information that can help the company to better manage risk.

Ira Robbins, the CEO-in-waiting at Valley National Bancorp, will have to complete a major acquisition, make the bank more competitive on returns and costs and tackle other difficult tasks after taking over for Gerald Lipkin.

The card is Starbucks' first product with Chase since the companies agreed early in 2016 to make Chase Pay part of the Starbucks app when it became available.

Apple's digital services group, which includes Apple Pay, generated $8.5 billion in revenue in the quarter for Apple, a jump of 34% from the previous year.

The Federal Housing Finance Agency must set fees equal to the cost of capital that private banks hold against similar risk, not just the amount of capital that Fannie and Freddie think are right for themselves.

Fannie Mae servicers are facing pressure from the recent hurricanes, but so far are bearing up under the strain.

Kearny agreed to pay $408 million for Clifton Bancorp in a deal that will add 12 branches in northern New Jersey.

The chairman of the House Financial Services Committee says he won’t seek reelection next year; CME Group hopes to launch a contract by yearend.

The Puerto Rico-based company set aside nearly $70 million for anticipated losses related to Hurricanes Irma and Maria.

The company plans to use some of the offering's $48 million in proceeds to redeem preferred stock.

Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending.

A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season.

Blockchain is a bigger opportunity for business transactions than consumer transactions, according to Mastercard president and CEO Ajay Banga, who is poring over the technology to build use cases for corporate users.

Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand.

Del-One Federal Credit Union will be the first financial institution to offer the service in Delaware.

The bank is looking to raise $72 million, which it could use for organic growth and acquisitions.

The Alabama bank's provision for loan losses rose 59%, but it still reported an 8% increase in 3Q profits thanks to stronger margins and fee income.