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The good news for financial firms is Congress has moved closer to reforming anti-money-laundering rules. But left behind in the effort is the reform most coveted by the industry.
June 10
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An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, and the man who will replace him, have other plans.
June 10
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The digital bank is a whole new line of business for Goldman, meaning there's no risk that it is cannibalizing from the main institution, said Omer Ismail, the head of the bank's U.S. consumer business.
June 10
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The Tampa-based institution says it is poised for growth, but the new asset class also opens it up to additional scrutiny from the CFPB.
June 10
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Credit unions across the nation are giving a little extra to their members and communities, including promoting literacy and raising money to help the homeless.
June 10
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A trio of big deals in the payments and financial tech area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year.
June 10
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Credit unions have a busy week ahead of them in Washington, including more than half a dozen bills that could impact the industry.
June 10
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2019 has already seen billions of dollars in fintech M&A. The deals have come at a rapid enough pace that acquirers are often buying companies that are still absorbing deals of their own.
June 10
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"Watch what customers do, not what they say," said Melissa Smith, president and CEO of WEX.
June 10
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PayPal and Mastercard are independently making high-profile moves to shore up gaps in open banking and data compliance, and both companies are downplaying any competitiveness.
June 10
