Finance

Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.

Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S. Treasury, but the press release announcing the company’s financial results includes new language suggesting uncertainty as to whether the payment will be made as scheduled.

A jumble of security vendors and lack of cohesive planning weaken many banks’ cybersecurity defenses, experts say.

Christine Duhaime, an anti-money-laundering attorney in Toronto, lays out the reasons banks should become early experts (and assist) in initial coin offerings. She also lays out the risks, especially in the wake of the SEC’s report suggesting some ICO tokens are really securities.

The company agreed to buy County First Bank in a cash-and-stock transaction.

Acting Comptroller Noreika says he will defer to Congress to determine whether the rule requiring mandatory arbitration should be killed; Bitcoin Cash to start trading but is causing confusion in the digital currency market.

As much as $2.5 trillion, or nearly half of bank deposit growth since the crisis, may be attributable to the central bank's quantitative easing. If investors start drawing down on their accounts to buy back assets from the Fed, the trend could dampen liquidity at certain banks, add upward pressure on deposit prices and reshape M&A.

After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum.

The agency’s new classification of “initial coin offerings” is yet another affront to the efforts by fledgling companies to raise funds.

Fifth Third's chief legal officer has emerged as a leading contender to get the nod as the FDIC's next chief; credit card profits under pressure at banks.

Visa's recent leading of a $25 million investment round in Marqeta is an unusual move for the card network, which has most recently focused its investments in merchant acquiring technology companies.

Startups and open-source software projects have raised $1.3 billion this year through initial coin offerings. The real boom may still lie ahead, fears of a bubble notwithstanding.

With the move, the Mississippi bank would no longer be regulated by the Federal Reserve. The decision comes after the bank struggled with Bank Secrecy Act and Community Reinvestment Act compliance.

The New Jersey company reported lower quarterly profit that included professional fees tied to addressing an informal order from regulators.

Profits rose 20% at the Texas bank, but net interest margin growth last quarter, and the bank’s margin outlook for the rest of this year, disappointed analysts and investors.

The Detroit company is capitalizing on other banks' retreat from the auto sector.

Advancements aimed at speeding the flow of information by eliminating manual processing are helping the global custody bank attract new clients and win more business from existing ones, fueling revenue growth and improving efficiency.

The company will also gain $260 million in loans and $180 million in deposits from Banner Corp.

Purchasing VocaLink has cost Mastercard more than $900 million and some regulatory headaches, but the investment has to potential to spark new payment products and facilitate the card brand's pursuit of faster processing.

The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market.