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Rather than address systemic risk with impractical capital requirements, regulators can make a few subtle changes that will force the shrinkage of the largest banks gradually over time.

JPMorgan Chase & Co.’s new Sapphire Reserve credit card will reduce the bank’s profit by $200 million to $300 million in the fourth quarter, according to Chief Executive Officer Jamie Dimon.

Wells Fargo's retail bank trends in November were probably similar to those in the previous month, CEO Tim Sloan said Tuesday at an investor conference in New York.

JPMorgan Chase's new Sapphire Reserve credit card will reduce the bank’s profit by $200 million to $300 million in the fourth quarter, according to CEO Jamie Dimon.

Sandia Laboratory FCU in Albuquerque has returned at $10 million special dividend to members as a way to thank them for their continued support of the credit union.

Canadians have a simple message for the U.S. credit card industry: Don't fiddle with our rewards programs.

Evergreen Credit Union, a $258 million institution based in Portland, Maine, has named Jason Lindstrom as its new president and CEO, succeeding interim CEO Tim Verreault.

Eugene Szymczak, president and CEO at Wisconsin-based Educators CU, unexpectedly died in his sleep on Dec. 4. He was 67 years old.

First NBC Bank in New Orleans, which has been dealing with issues tied to its tax-credit business and concerns about capital, has removed its chief executive.

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. Today: Android Pay's "virtual" prizes; Blockchain group looks for investment; a new tech center in Paris; Russian bank hit by a "SWIFT-style" attack.