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The Albany-based credit union has picked up tiny City of Schenectady Employees FCU, which has struggled with profitability issues for years.

EVP/COO Kim Reedy will take the helm after David Doss steps down.

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.

Toys "R" Us debuts concept store in New Jersey; a Visa exec heads to Google; and other information you need to start your day, from PaymentsSource and around the web.

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

Large banks’ embrace of PSD2-influenced open banking has often been reluctant. Not so for Citigroup.

As merchants and fraud prevention specialists develop new strategies for fighting fraud, organized criminals find new vulnerabilities to exploit, a trend that shows no sign of letting up, says ClearSale's Rafael Lourenco.

In search of new sources of revenue now that it has slashed fees on stock trades, the brokerage giant could use the influx of deposits it will get from acquiring its rival to grow its loan portfolio and add new banking services.

Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.