The Latest

BECU names new CFO, First Capital makes changes to board and other promotions and new hires in the industry.

The man who took 11 Alabama Credit Union employees hostage during an attempted robbery in January has reportedly told police he needed the money to pay for court costs in in a separate criminal case.

Executives at BB&T, KeyCorp and Citizens are milking commercial lending niches and balancing cost control with new investments while waiting for more rate hikes to fatten margins.

The deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier.

Banks have long believed that the key to sparking mobile payments is better incentives, but U.S. Bank is taking that to the extreme with a new product that pays triple points for such purchases.

The regulator cited "operational weaknesses" as the reason for conservatorship.

Treasury Secretary Steven Mnuchin said fixes to orderly liquidation authority and the Volcker Rule would be included in regulatory recommendations to the president due this summer.

The regulator also provided updates on investment performance, expenses, CAMEL codes and more.

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business.

One of Australia’s largest banks, Westpac, is the first of the country’s biggest four banks to adopt Samsung Pay, expanding customers’ contactless mobile payment options.