The Latest

Key legislation to protect banks and credit unions serving the legal marijuana industry looks set to move forward in the House this week.

Funds affiliated with HPS Investment Partners plan to buy Marlin Business Services for $282 million.

The time has come for the payments industry to take a long, hard look at how we market and sell enhanced pricing programs, says Clearent's Phil Ricci.

Trabian Technology, which builds digital products and mobile applications, is the latest in a series of technology-related purchases by MVB.

The company paid Driver Opportunity Partners nearly $10 million for the shareholder's stock and to resolve a longstanding legal battle.

Calvin Philips led the credit union – which today operates as Neighborhood CU – from 1958 until he retired in 1988, and remained active on its board long after his retirement.

The Maryland company recently raised $345 million to form the subsidiary and fund growth opportunities for its bank.

The company would gain 10 branches around Sacramento as part of the $135 million acquisition.

Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, joining authorities from China to Sweden exploring the next big step in the future of money.

The New York-based Citigroup is pushing ahead to set up new investment banking and trading operations in China after announcing it would be exiting retail banking in the world’s second-largest economy.