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Gavin Michael, head of digital banking for JPMorgan Chase's retail unit, is moving to Citigroup.

Possible bad outcomes from the slowdown in bank chartering include less financial access in rural areas and further concentration of industry assets in just a few large banks.

Avant, an online consumer lender based in Chicago, is shoring up its funding base with a pair of new transactions.

Trust for CUs elects new chairman and other CU professionals in the news.

ValueAct Buys Stake in Morgan Stanley; AIG Selling Unit

The early morning exercisers who stop at Thrive Café in Loves Park, Ill. may be drenched in sweat and dressed in outfits devoid of any pockets, but they can still pay for their post-workout refreshments without a wallet or phone.

Smart contracts, which automate parts of payment agreements, are the key to using blockchain technology in complex financial transactions. However, there are still open questions and concerns about how smart contracts operate in the real world and whether they can be trusted.

HSBC has hired Anthony Glover, a veteran of JPMorgan Chase and American Express, to be its head of retail banking in the U.S., a newly created position.

California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.

California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.