The Latest

Comerica reported improvement in its energy-loan portfolio in the second quarter but charges related to a broad corporate restructuring took a bite out of overall profits.

CommonBond is doubling down on the education-debt market, which has been a pocket of tranquility in an otherwise volatile online lending sector.

Frontier's old school way of processing in-flight payments sounds like a classic luggage nightmare—the passenger arrives at the destination days beforehand, if not longer.

Despite improvements in technology, most consumers remain skeptical of mobile wallets, often testing them once or twice before abandoning the idea and returning to traditional payment methods.

Some banks are looking to reenter small-dollar consumer lending now that a recent CFPB proposal has given them greater regulatory clarity. But they may need help from technology companies to make a very labor-intensive business more profitable.

The National Association of Federal Credit Unions (NAFCU) praised Sens. Joe Donnelly (D-Ind.) and Ben Sasse, (R-Neb.) for leading a bipartisan group of 70 senators who signed a letter urging the Consumer Financial Protection Bureau (CFPB), to exempt credit unions from certain rulemakings under the bureau's Dodd-Frank Act authority.

Sam Cook, who served in various roles at Central Trust Bank in Jefferson City, Mo., since the Truman administration, has died.

Citizens Financial Group in Providence, R.I., has named Mary Ellen Baker head of business services.

Even absent a rate hike, executives believe that the banking giant can still improve profits by hitting this expense target.

Santander is throwing another $100 million into its fintech venture investment fund, Santander InnoVentures.