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Employees at Beneficial State Bank secured banking's first labor union contract in 40 years and now are calling on Congress to pass legislation, drafted by House Democrats, to protect front-line workers across the industry.

The dispute turns on the “discharge for value” defense, established by a 1991 New York court ruling that creditors can keep money sent to them in error if they didn’t realize the payment was a mistake.

Several company leaders will relocate to Atlanta as part of the expansion, and the office will focus on technology and client services.

Stifel Financial agreed to buy the fixed-income brokerage Vining Sparks and its affiliates, adding about $150 billion in annual trading volume and further bulking up its banking-advisory capabilities.

The Federal Reserve’s efforts to update supervision policy can result in institutions having the flexibility they need to compete with fintechs, according to Gov. Michelle Bowman.

In many cases, stopping fraud in the moment is costly — and any transactions a bank flags incorrectly could alienate its best customers, a Bangor Savings Bank executive said at American Banker's Card Forum.

Criticism from banking and other business groups of Saule Omarova’s candidacy could make it difficult for moderate Democrats to support President Biden's pick to lead the Office of the Comptroller of the Currency.

Rather than targeting the masses, the founders of these neobanks are narrowing their focus to serve people who may benefit from specialized products and services. The latest example: Nerve, a banking app for musicians.

Traditional financial institutions face pressure to imitate fintechs that have brought many consumers into the mainstream. Yet cash must be a key part of efforts to expand access, since it's still crucial for many low-income families, the elderly, migrants and others.

Dora Financial aims to reduce racial and economic disparities in access to banking.