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Santander Consumer USA, one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into bonds, according to Moody's Investors Service.

The merger is expected to be completed by year-end, and the combined institution will have assets of more than $1.2 billion, serving more than 105,000 members.

In a world where confidence is rewarded more than indecision, businesses risk elevating confident leaders who overestimate their abilities. In banking, that can have harmful effects.

Nasdaq Inc. and Citi Treasury and Trade Solutions are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments on Citigroup's business services platform.

Credit unions talk a big game about teaching members good financial behaviors, but fintech is eating the movement’s lunch when it comes to helping consumers save money.

The company agreed to buy Commerce Bancshares, which has three branches in Boston.

Peach Aviation Ltd. will become the first Japanese carrier to accept bitcoin as payment for airline tickets as the discount airline aims to attract more tourists from other parts of Asia.

With investors skittish over the potential for higher defaults on auto and student loans, Kevin St. Pierre is one of many industry analysts and banking executives who’ve sought to allay similar concerns over rising credit-card write-offs.

The creators of a top "altcoin" are building privacy features for JPMorgan's blockchain platform.

The $701 million acquisition will make Union the biggest community bank based in Virginia.