The Latest

Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Sweetgreen's cash ban; Android Pay's wearable push; Nook malware; Brexit's tech fallout.

Editor's note: Morning Scan will publish next on Jan. 3, 2017. Happy holidays from all of us at American Banker and SourceMedia.

Though cash remains the most prevalent form of payment in Africa, some companies are setting the wheels in motion for a much-anticipated e-commerce revolution.

Fraud involving third parties and advance fees can be vexing for merchants. But doing lots of homework can mitigate the threat.

The Federal Reserve has freed Cole Taylor Bank from an enforcement action two years after the Chicago bank was acquired by MB Financial.

Sussex Bancorp in Rockaway, N.J., has raised $15 million by selling fixed- to floating-rate subordinated notes to an institutional investor. It did not name the investor.

The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP.

A key quarterly real estate report finds confidence around mortgage lending on the decline, but credit unions' mortgage business continues to surge, with originations up by 22% year-over-year during Q3.

A Seattle virtual currency provider is embedding its service in Starbucks' popular mobile app.