The Latest

The unemployment rate hit levels not seen since August 2007, but one quarter of the unemployed population is “long-term unemployed.” Still, the jobs news almost guarantees that the Fed will raise rates when it meets next.

The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.

Wells Fargo is making an exception to its retirement policy for its longtime general counsel, who plans to remain with the company indefinitely to deal with the fallout of the fake-accounts scandal.

Bank of New York Mellon has named two women executives from the energy and technology sectors to its board.

The sector's below-the-surface problems may now attract closer scrutiny following a leadership shake-up at CAN Capital, which is one of the biggest firms in the sector.

Hawaiian Tel FCU absorbed tiny Board of Water Supply FCU, which posted a loss of more than $80,000 last year and lost $46,000 during the first three quarters of 2016.

The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.

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: Spain becomes Apple Pay's 13th market; a government health care program could help payments; Lithuania recruits fintech in the U.K.; new gaming payment tech.

Radius Bank in Boston has bought a national equipment finance business from NewStar Financial in Boston.

Unity Bancorp in Clinton, N.J., has a deal in place to sell $15 million in common stock over time.