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The company has agreed to pay $89 million for Premier Commercial Bancorp. The acquisition would significantly increase its branch presence and lending in the Portland area.
March 9
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Federal Reserve warns that nonbank lenders pose risks to the financial system; Swift says the technology needs more work.
March 9
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The information you need to start your day, from PaymentsSource and around the Web. Today: The EU pushes for a common fintech market; CBA limits ATM deposits; Swift's distributed ledger proof of concept is mixed; PhonePe takes a shot at Paytm.
March 9
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deVere Group has added "Companion Accounts," which is designed to remove fees and enable shopping and expense management for relatives and companions that are in other countries, such as students or spouses.
March 9
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Even if a business is located in the U.S., it’s where the service is delivered that determines if the GDPR rules governing data protection in the EU apply, writes Mia Papanicolaou of Striata.
March 9
Striata -
The retail lending unit of Marlette Funding meets regularly to make sure all employees are invested in its quarterly goals.
March 8
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Readers opine on the possibility of an Amazon-JPMorgan Chase checking partnership, weigh in on the Crapo bill, applaud plans that would make the CFPB more of a backup regulator and more.
March 8
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The venture capital firm Anthemis seeded 21 fintech startups in its first discretionary fund, which raised $106 million. It favors management teams made up of people from all walks of life who have fresh ideas about shaking up banking and insurance.
March 8
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The Senate legislation could be crucial for three moderate Democrats backing the bill who are up for re-election this fall, although the package has divided the party more broadly.
March 8
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If community banks fail to keep up with higher rates offered by online banks, credit unions and (soon) big banks, their liquidity may deteriorate even faster.
March 8
