The Latest

Lending Club announced the resignation of its chief financial officer while reporting an $81.4 million quarterly loss due largely to fallout from the scandal that rocked the firm in May.

By buying EverBank Financial, the insurance and retirement savings behemoth will gain billions of dollars in low-cost deposits and access to many new lending products that it can offer to millions of clients.

The National Credit Union Administration’s Office of Small Credit Union Initiatives (OSCUI) has released guidebook to assist credit unions meet the demand for digital services.

The Northwest Credit Union Association (NWCUA) and the Idaho Credit Union League (ICUL) have formed a three-year partnership to hold simultaneous annual membership meetings while jointly hosting the MAXX Convention.

Beijing-based payment processor PayEase is partnering with KG Inicis, a South Korean payment provider on electronic payments in their respective markets.

The National Australia Bank will partner with digital identity proofing company iSignthis to provide advanced card services to merchant customers in Australia and New Zealand.

Under pressure from regulators to beef up risk management in commercial real estate lending, banks are using new software tools to improve analysis.

MidSouth Bancorp in Lafayette, La., has named Troy Cloutier, the son of Chief Executive Rusty Cloutier, to run its bank.

In a speech Tuesday, GOP presidential nominee Donald Trump pledged to temporarily suspend all new federal regulations if elected president, but even if he wins the White House, it may prove beyond his reach.

Community banks are often burdened with manual data entry for processing commercial loans. Union State Bank has turned to digitization software to make it easier. It may sound modest in the age of APIs, but it made a quantifiable difference.