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Acquiring fintechs can be a smart way for banks to access needed tech talent, but they must be careful not to stifle innovation in the merger.

Speaking at an investor conference in New York, John Shrewsberry addressed a recent media report saying regulators had rejected Wells Fargo’s restitution plan for overcharged auto customers.

Policymakers are right to re-examine the industry’s exemption and the unfair competitive advantage it provides.

This is the second such pact the Great Lakes State has entered in order to make interstate branching for state-chartered credit unions more accessible.

The prospects are tough for Thomas Borgen of Danske Bank, whose Estonian unit has been described as a central pipeline for laundering as much as $9 billion between 2007 and 2015 in dirty money, mostly from Russia.

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

Goldman’s next CEO names a new president and replaces the CFO; insurance giant shares remain at a 25% discount to book value.

The information you need to start your day, from PaymentsSource and around the Web. Today: Ant denies spying on Equifax; Mt. Gox investors may get refunds; U.K. needs corporate help with payment project; European regulators approve harsh penalties for payment crime.

In its role as a security compliance and disaster recovery firm, Sungard Availability Services has seen merchants warming up to the Payment Card Industry data security standards.

By leveraging strategic partnerships and utilizing technology developed by the Pays and other innovators, banks can build a Siri-style experience, according to Stani Kulechov, the founder and CEO of ETHLend.