The Latest

Two San Francisco supervisors on Tuesday introduced a resolution that would "end all business with Wells Fargo," in response to the fake account scandal and other practices that have harmed consumers.

An online loan-decisioning and funding app for credit unions is the winning idea in this year’s KnockOut innovation competition from PSCU, a 24-hour “hackathon” that aims to find new technology solutions for credit unions.

Empower Credit Union West Allis, Wis., has converted to Symitar Episys core processing system provided by Member Driven Technologies.

Mastercard's $924 million buy of VocaLink was the highest value acquisition in the payments industry during the third quarter.

Longtime Amex exec Alfred F. Kelly Jr. will be taking over as Visa CEO at a time when much is at stake for the global card network.

SparkLabs and Global Ventures have invested $3.4 million in Pay By Group, which makes a white-label e-commerce tool for splitting costs.

CenterState Banks in Davenport, Fla., has agreed to buy Platinum Bank Holding Company in Brandon, Fla., in a $83.9 million cash-and-stock deal.

PacWest Bancorp in Los Angeles reported higher third-quarter profits thanks to higher net interest income, increased commissions and fees and the elimination of its loss-sharing agreements.

Early pioneers of this form of artificial intelligence in the banking industry see clear benefits but unexpected pain points that have to be addressed.

The investment bank will take "a very deliberate and methodical approach" to building its online lending platform, Chief Financial Officer Harvey Schwartz told investors Tuesday, implicitly drawing a contrast to once-highflying startups like Lending Club and Propser.