The Latest

Trust is probably the most critical attribute of any organization that deals with a person's financial well-being. However, trust is easily lost.

With only two weeks left in his role as CEO at American Express, Kenneth Chenault is already on to a new challenge as he becomes the first black executive to become a member of the Facebook board of directors.

The Goshen, Ind.-based credit union had been running Symitar's Episys core processing system in-house, but elected to move to EASE out of a desire for greater resiliency in its business continuity planning.

Breaches help crooks diversify, but stolen cards thrive in the black market, writes Angel Grant, director at RSA's fraud and risk intelligence unit.

The credit union service organization gained 11 new member-owners in 2017, bringing total ownership to 50 CUs.

The Arkansas company's earnings fell 52% from a year earlier, reflecting a higher provision, a revaluation of its deferred tax asset and higher costs following a series of bank acquisitions.

BNY Mellon plowed some of its tax law savings into restructuring efforts.

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has requested no funding from the Federal Reserve in the second quarter and instead will use reserves to fund the agency.

The Battle Creek, Mich.-based credit union has given rebate to members for 10 years, totaling $9.3 million.

Highlights at the North Carolina bank included deposit service charges, CRE lending and wider margins, which all offset one-time costs related to tax reform.