The Latest

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals.

The former New Jersey mutual is stepping up efforts to court bigger commercial clients. The move will help Investors diversify its loan book and deploy capital while it is barred from buying banks.

In March 1998, American Banker reported plans by Norwest Corp. to establish sales quotas and step up cross-selling. Three months later, the Minneapolis bank announced a merger with Wells Fargo.

Arty Arteaga retiring after 17 years heading the trade association.

Ant Financial, China’s largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.

Paytm, India’s largest digital payments startup, raised $1.4 billion from SoftBank Group Corp. in the largest funding round from a single investor for the country’s technology sector.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Wells pushes IoT; Transferwise turns profitable; Wipro expands blockchain; Delta teams with Lyft.

Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand.

Both sides of Wells Fargo's $142 million settlement over its fake-accounts scandal made last-ditch efforts to salvage the class-action pact after a federal judge voiced misgivings about some of its terms.

The post-election rise in business optimism has not yet resulted in stronger demand for loans, if the first quarter was any indication. What does that mean for regional banks?