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The regional bank will record a pretax gain of about $1 billion as it continues to shed its stake in the payment processor Vantiv.

The Pasadena, Calif., company reported net income of $19.3 million, up from $8 million in the same period a year earlier.

Regulators and consumer activists are examining the relationships among banks, insurance companies and auto-loan borrowers following the new revelations about Wells Fargo and insurers' rising premium income.

NCUA Chairman Mark McWatters has written a letter to a House Financial Services Committee member defending the agency’s use of a contingency arrangement to recover funds lost during the corporate credit union crisis.

Federal regulators said Tuesday they would allow dozens of foreign banks and two U.S. bank holding companies to file their resolution plans by Dec. 31, 2018.

Hopewell is bolstering its member service with several new tellers, Suffolk announces board members and more credit union advocates in the news.

UPS Capital has launched an online business-to-business payments service that will allow transactions licensed by escrow in a matter of minutes, rather than using a letter of credit or other options that can take up to two weeks to complete.

As banks press for deregulation, the debate over whether high bank capital standards are inhibiting loan growth has taken center stage.

Size matters in the credit union industry, and in most cases, the biggest have a serious advantage. But reaching this particular threshold doesn’t come cheap.

U.S. consumer credit-card debt just passed an ominous milestone, beating a record set just before the global financial system almost collapsed in 2008.